Your LifeTalk Insider #39

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Welcome back…

From LifeTalk and LifeTalk Plus this week:

James and 18 others: Any recommendations for a small AE scheme please? 11 staff. Standard 8% conts. Not overly well paid. So far we’re looking at Peoples Pension, Royal London and Aviva. Click…

Cleona and 8 others: Trust experts please: A discretionary trust for 3 grandkids set up by grandparents at birth. kids are 10, 7 and 1 yr old. And withdrawals. Is it possible and relatively easy for the trustees (parents) to make withdrawals to fund Jisa’s for the 3 children? What is the process if it is possible? Click…

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LifeTalk member and 42 others: Scenario: Professional sports man, £50k per week wages, 23 years of age and looking to invest in the most tax efficient way for the next 15 years. Not sure if they will become non UK resident when they retire. Can’t give risk at this stage, but I think likely to be about 8/10. Not currently investing into a pension. Can’t give any more at this stage, this is just a scenario I’ve been given.

Appreciate your ideas on how you would approach this beyond sorting insurances out? Click…

Neil: I’ve had a referral of a particularly tragic story. My client’s husband got diagnosed with a serious illness that his father suffered with and died from. It seems he resigned from his job without his wife’s knowledge and then some months later killed himself unable to face the treatment.

The ex employer is a well known big corporate. Has anyone had any experience of appealing to the trustees about payment of DIS in this sort of situation? He was clearly troubled and not in ‘his right mind’ and now his widow is in a financial pinch. Click…

LifeTalk and 21 others: We have a valuable new tool in development which helps advisers to identify and engage with potentially vulnerable clients in a professional, confidential and courteous manner.

It will be live very shortly. If you would like to take an early look and test it, please say Yes or put your hand up in this thread. Click here…

Robyn and 8 others: Has anybody completed any research they wouldn’t mind sharing regarding sequencing risk?

I am looking at our CRP and considering a normal growth model v 12 months income in cash and balance in growth model v a specialist volatility managed model (like the Bordier decum service). I would be interested if anybody has actually proven which option works best in all market conditions and how they reached that conclusion? Click…

Ed and 17 others: I have just received a copy of financial statement from my client who is getting divorced from her husband . The financial form shows his CETV not guaranteed from BT ( BTPS )

He is in retirement aged 72 receiving 15,088.73 pa gross which is £1054.79 after tax as he has a reduced state pension of £8000 pa approx !

I am shocked and horrified to see the CETV is only £201, 932.61 . This sounds and feels far too low for an index linked pension ? He took all of the tax free cash first after doing 40 years service at age 65 . Can anyone who is an expert tell me if this is reasonable . I know annuity rates are good now but it don’t seem a lot? Click…

From LifeTalk Plus this week:

Jason: We are looking at progressing with implementing AI into our firm , but are held back at every turn as we use TP. Who haven’t really developed in 10 years plus. Any thoughts on “PlanHappy” or other new alternatives. Click…

Phil: This is simply the best example of an About Us page on an IFA’s website I’ve ever seen. Click…

LifeTalk: How do you express your fees to clients? Click…

LifeTalk: How are you using your network to add value to clients? Try this idea… Click…

LifeTalk: What’s your impossible dream as an adviser?

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That’s it for this week…

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