Your LifeTalk Insider #21

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Here’s what IFAs, Financial Planners and Advisers have been talking about in LifeTalk this week…

Here’s this week’s selection of posts from the group…

Darren and 28 others: Welcome to the World Cup of Worst Service Provider of the Year. 32 names have been nominated by you and entered into the draw. 237 votes so far! Click to vote…

Nick and 26 others: Doing an AML test and came across this question. Interested to see what answer you’d give. What is the primary focus of the "placement" stage in money laundering? Choose A, B, C or D from here…

Simon and 7 others: My client sadly passed away far too early and employer paid for his funeral. Question…

Resource: 36 Ways IFAs, Financial Planners and Advisers Can use Scorecards in their Business

Every day I have a conversation with a financial planner, IFA or adviser on whether or not a scorecard, quiz or self-assessment tool would work for them. The conversation always starts around using scorecards for marketing and lead generation - but what most don't realise is that there are many other ways you can use them as an adviser.

Check this out: 36 Ways IFAs, Financial Planners and Advisers Can use Scorecards in their Business. Free download...

Tony and 10 others: My client, a hedge fund manager, has had an extraordinary couple of years. He invests in his own fund within his SIPP which has mushroomed to nearly £16 million. Question…

LifeTalk: I've increasingly been reading how several successful business owners put their business success down to the moment they started to focus on their own health and fitness. They can draw a direct link between the two.

Has anyone else experienced this - and do you think that a client's perception of how well you look after yourself, impacts how they feel you will look after them? Click…

Richard and 23 others: All I have to say to everyone is just do not use this platform and if you are looking to transfer clients away, watch it like a hawk as it just won't get done. Click…

Paul and 10 others: I’ve recently left a firm and am setting up on my own now. A long list of things to sort as you’d expect but I’m curious to know what software you all favour for invoicing clients and for payment, tracking of outstanding fees etc. Click to help…

LifeTalk member and 20 others: Do you pay sick pay, or SSP? I have a member of staff that took a week off sick, and in most circumstances I would pay SSP. However, said member of staff is (in my opinion) going above and beyond in their duties to ensure a really quite complex report is completed before they go on holiday. Click…

LifeTalk member and 15 others: I’m working with 360 to become a DA firm. 360 have confirmed they can support the firm with risk, governance and compliance, however they don’t provide an outsourcing service. As the sole director, I’m responsible for compliance oversight and as the senior manager, responsible for risk & governance. Is there an outsourced company I can use for this? Click…

LifeTalk member and 15 others: Do you have recommendations for Pension companies that are good at dealing with putting commercial properties in their pension wrappers please? Click…

Jamie and 5 others: If a clients annual allowance is fully tapered in this tax year, can they make a company contribution to utilise this years tapered annual allowance plus carry forward from previous years? Click…

Christopher and 44 others: Went to see a new enquiry today. Looked over her historic paperwork and the suitability letter from her current IFA which is 2 years old. These were the fees they were charging - am I being old-fashioned, is this sort of thing not that unusual? Click…

From LifeTalk Marketing

Mike and 3 others: One of the best videos about retirement you'll ever see. I got great feedback from clients who I knew would like this. Click…

From Financial Planning Rocks

Simon and 42 others: What was the first ever gig you went to? I Broke myself in gently with Motörhead, around 1989 in Newport. Click…

LifeTalk Playlist on Spotify

Did you know that LifeTalk has an official music playlist? Financial advisers are adding new tunes every week… Click…

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That’s it for this week…

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