Your LifeTalk Insider #24

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LifeTalk Insider
October 13, 2023 • Estimated Reading Time: 9 minutes

Here’s your selection of posts from IFAs, Financial Planners and Advisers in LifeTalk this week…

 COMING SOON  : New regional Mastermind Groups for IFAs and Financial Planners… Your chance to meet up, network, exchange ideas and share best practice with other LifeTalk members.

Since 2004, the heart of LifeTalk has been our online community, but for the last few months we’ve also been planning regional in-person Mastermind Groups, and we're now in a position to start revealing details.

In the meantime, IFAs have been telling us where they would like us to hold them. So if you are potentially interested in the in-person meetings, please let us know where you are based.

Thank you. Click here or post a comment.

From the LifeTalk forum

Andy and 11 others: Pension Sharing Order - Is it usual for the receiving scheme to ask for the order to show the actual split my client is receiving? Click…

Aron and 18 others: How do I calculate the gross UFPLS for a client with all their personal allowance available and wanting a net annual drawdown of £42,000? Click…

John and 24 others: Has car insurance just gone insane? Last November my renewal was £550. We moved in December to a new build estate and they stuck £200 on... basically said lack of data. Renewal just come in £1900! Click…

LifeTalk member and 26 others: Just wondered if anyone knows of any self employed roles going? Have a client bank to take with me, looking at a home before going DA. Click…

Louise and 36 others: I know a client needs to be on UK soil to receive advice, but do I have to be on UK soil to work? For instance, can I go and work in France for half the year? Or is FCA regulation stopping me, I can’t seem to find it in FCA Handbook anywhere. Click…

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LifeTalk member and 31 others: I have been considering going alone as there is a certain standard and style of advice and planning that I am passionate about providing, rather than a larger company prescribed standard. I am working through costings so that I can understand the turnover I would need to target for this to be viable, although I do have an approximate AUM set. I have most costings spreadsheeted now, but a couple areas I am not finding it immediately easy to access or understand. Question…

Rohit and 33 others: What are people hearing about IHT being scrapped? Click…

Darrell and 10 others: We have been asked to take on a portfolio of pure protection policies / clients from an adviser retiring and wondered if anyone has done this recently, can we still use a novation of some sort to do it in bulk and to get the renewal commissions transferred. Click…

Paul and 10 others: Who do people use these days for commercial property SIPPs? Click…

Robert and 10 others: I have come across a client in an old ‘private fund’ with Aviva (ex Sun Life precursor to a SIPP), containing cash, funds and farmland. It’s is complicated, Aviva want to close the fund, and want the client to transfer out. I’d like to take on the case, but only with some (paid) expert help, so I do it correctly, for the client, and to mitigate my risk. Can anyone recommend someone experienced that can help with this work. Click…

Nick and 36 others: Does anybody know if there are fact finding courses available? If such a things exists. It's an area I want to improve on. Click…

LifeTalk member and 11 others: And the FCA madness continues as the Financial Resilience Survey lands in the in-box. I suspect a significant majority of firms are currently completing their mid-year Reg Data return for the 6 months to 30th September. So the FCA want you to double up on the data and produce figures for 3 months to effectively the same date. The left hand really doesn't know there is a right hand, let alone what they are each doing. What a massive waste of everyone's time, once again. Click…

Luke and 42 others: Currently I complete my fact finds by filling in a four page paper form during my initial meetings. This data is then manually input into IO (Intelligent Office) at a later stage. This process is an incredibly labour intensive exercise and given the technological age we live in now, is almost certainly not the best method of doing this.

It would be great if anyone within the Hive would be willing to share how they manage this process and whether there is faster more streamlined process that could be used to complete a fact find with an IPad for example and then have the data migrated into IO so that it doesn’t all need to be manually input?

Any tips on this would be really useful, these could range from different software solutions to simply scanning the paper fact find and not entering the data into IO. I think some firms use a system where clients login to something and fill in their data and then this is captured however I am unsure of how this is achieved and whether it could be made to work with IO? Click…

TRAINING : Introduction to AI for Marketing and Lead Generation for IFAs is scheduled for Thursday, 19th October 2023 at 10am.

Who Should Attend?

This introductory webinar is specifically designed for IFAs, Financial Planners, Financial Advisers and Paraplanners who are open-minded to the potential that AI can bring to their business. It aims to provide a comprehensive yet straightforward roadmap for those who have heard much about AI but are uncertain about the first steps to actually integrate it into their business operations.

You Should Reserve Your Seat Now...

Due to limited availability, early registration is recommended. Secure your place by registering through the link below:

Don't miss this opportunity to transform your approach to marketing, communications and lead generation through the power of AI.

From LifeTalk Marketing

Phil: Selling Protection - remembering the Sycamore Gap and why you shouldn’t use stats… Click…

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As always, thanks for reading and see you next time.

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