Your LifeTalk Insider #27

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LifeTalk Insider
November 03, 2023 • Estimated Reading Time: 9 minutes

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

From the LifeTalk forum:

Aron and 17 others: When we use SIPPs we often need to manually keep an eye on the cash position for fees/income etc. I notice with PP you don't. Am I right in saying that is because of the differences between PP/SIPP or is it just a provider thing? Click…

Garry and 33 others: I have a good client who has advised he is being 'pursued' by Fisher Investments and wants to have a meeting with me to discuss. I've heard of them but never looked in any detail - anyone have any wise words? Click…

David and 28 others: The change in the CGT allowance over two years isn’t insignificant. As we move towards a £3K allowance how will this affect recommendations? Click…

Sarah and 9 others: Does anyone have recommendations for a compliance firm they love? Or at least like? Click…

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Brad and 23 others: Does anyone use the Aviva smooth managed funds? Just having a look at their brochure and their expected growth rate is the BOE base rate + 5%! Surely they can't achieve this and will just have to do some big unit price adjustments to reflect the underlying fund value? Click…

LifeTalk member and 16 others: New adviser here and I have had some issues with current network. I am looking at options regarding changing and one of the options I am looking at is the potential of joining Quilter via the National model. Part of the reason I’m looking at this is because of the 100 guaranteed leads a year. What I would like to know is if anyone has any experience of this and what they think of it (good & bad)? Click…

Paul and 14 others: Interesting scenario I'm not sure will have ever come up before. Member of UK defined benefit scheme living British Summer Time + 6 hours dies 4 hours into his 75th birthday. Death cert says age 75 which he was in the jurisdiction where he died. Trustees have deducted tax, but my view is that as born in UK he was actually under 75 by 2 hours when he died and so tax should not be deducted. Any thoughts?

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Paul and 34 others: Equity release as part of a financial plan:

I am sure like most, with my clients I often discuss safe withdrawal rates etc and model what would happen if it all goes wrong and/or they spend too much. Often a solution is a lifetime mortgage which they are agreeable to. Does anyone have a table on a typical LTV based on age? A provider one will do, a typical provider. Then at least when I put in the equity release at age 'x' I have a fair idea of what is out there.

Have LTVs come down with rising rates? The roll-up will be more severe so I assume that they have.

FYI, I don't arrange equity release mortgages but I am fully qualified and authorised to advise on them. I know they are not suitable for everyone but they are for many. If my parents ran out of money I would be perfectly comfortable them having one rather than go without. Click…

Martin and 16 others: Consumer Duty: Now that we are living the reality of Consumer Duty, have you noticed a change in attitude towards client expectations? I have. Here’s why…

Philip and 46 others: In house portfolios: have you looked at corporate high yield funds in GBP? Because yields are now close to 9 percent I am seriously thinking of incorporating some of this in the equity portion of client portfolios .

If anyone has any views on this asset class , including target allocations or favourite funds (I have highlighted Aegon, Investec and Schroders as the best ones ) please let me know. This kind of goes against my passive instincts but the yields are too attractive to ignore now. Click…

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