- LifeTalk Insider
- Posts
- Your LifeTalk Insider #31
Your LifeTalk Insider #31
LifeTalk Insider
December 15, 2023 • Estimated Reading Time: 7 minutes
Welcome back…
Some IFAs, Financial Planners and Financial Advice Professionals woke up to the news yesterday that Unbiased are changing their charging structure…
Several IFAs wrote to me immediately, each saying a variation of this:
"I finally joined the Marketing Club - the increase in Unbiased fees was the last straw."
Today is the final day to join LifeTalk's Marketing Club as a Founder member. We said right from the start that the club is about taking the stress and uncertainty out of lead generation, and helping financial advisers to get real focus on what they have to do to attract more of their ideal clients.
It's about giving you the confidence to follow a clear plan so that you can actually enjoy generating the leads you need!
Today's the day to take action... If you're losing patience with some traditional approaches to lead generation, then come and join a group of forward-thinking advisers in our unique Marketing Club.
Don't miss this last chance to join us. Sign up today here:
From the LifeTalk forum this week:
Jonathan and 21 others: Lifestyling issue - I have seen a client today who is in a GPP with AEGON. He has reached 65 and is in a "Balanced Lifestyle 2023" fund. This means that over a number of years he has been moved from the normal Balanced multi asset fund down into more "cautious" investments. Question…
Mark and 32 others: A mother placed her home into a trust 16 years ago. Daughters are beneficiaries. Mother went into self funding care nine months ago and cash will run out within a year. What are the implications of the property being gifted into a trust that long ago please? Click…
Lewis and 18 others: Intelligent Money SIPP. Today they have announced that they will be charging all advised clients a one of charge of 1% of their assets to meet their increased regulatory costs. This will apparently take effect from 12/1/24 leaving precious little time to transfer anyone away before they get stung by this charge. Question…
Jamie and 17 others: As a benchmarking exercise, not a fixed fee over % discussion, for a client with £3m AUM what would firms charge ongoing? We currently have a tiered fee structure but wondering if we need to tier further at this sort of level. Click…
Jamie and 18 others: Wondering if anyone else got the email from Unbiased today about change to and what their thoughts are? Basically says they are introducing a rolling 3 month notice period from January and also a mandatory purchase of 60 credits a month to be used for purchase of leads BUT they expire after 6 months if not used. Seems unreasonable especially considering I haven’t had a lead from them in almost 2 months. Click…
|
Rohit and 15 others: Which Suitability Letter tool do people use? My firm uses Paraplanning Online at the moment - but I hear of better ones out there? Click…
Andy and 13 others: I have a dentist who wishes to contribute for this and previous tax years but the AAPSS are not out till Oct 24 for anyone affected by McCloud (as I understand it). Am I correct and if so, how are people calculating unused allowances? Click…
LifeTalk member and 21 others: Can anyone recommend an IFA network? We are a medium sized firm looking to explore our options. Click…
LifeTalk member and 32 others: I have a client who is due to receive a multi £7figure sum for the sale of his business, some on Friday, and some in January. Naturally, he would like to take his time on working on this life changing sum of money. Where would you suggest he plants it for c3 months. Easy access, fair rate of interest. Click…
Simon and 23 others: Client and spouse both aged circa 60 live in a £1.5m house and have recently come into £7 million in cash. They have 2 grown up daughters. They initially plan to purchase a holiday home in the UK for family use at a cost of c £1m. The parents will periodically stay in the home and could pay their children commercial rent which would deal with 'gift with reservation' rules and have the advantage of taking further cash out of their estate. Question…
LifeTalk member and 79 others: Can an IFA who doesnt have the pension transfer qualifications or permissions provide advice to a client about what options to take when staying IN their final salary scheme and charge for it?
For example - Having looked at option A, B and C, I recommend you take option A and here is an invoice for £2,000 for the advice.
The FCA have signposted me to the Perimeter Guidance Manual, and the FG on Advising on Pension Transfers - neither answer the question! Click…
Please don’t keep us a secret - pass this on to your colleagues - thanks in advance…
That’s it for this week…
If you have enjoyed LifeTalk Insider, please forward this to your colleagues and suggest they subscribe here
As always, thanks for reading and see you next time.
Founder of LifeTalk
[email protected]
If you have adviser friends or colleagues, or office team members who you think would benefit from joining LifeTalk, please copy and send them this link: https://www.facebook.com/groups/AdviserLifeTalk
For Financial Advice Professionals
Marketing consultancy, adviser training and conference speaking
Presentation and public speaking skills coaching
LinkedIn coaching for financial advisers - one to one and groups
AI best practice training for financial advisers
Time is running out - Join the Adviser Marketing Club by 15th December - learn more here…
Reply