Welcome to LifeTalk Insider #17

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LifeTalk Insider
August 25, 2023 • Estimated Reading Time: 8 minutes

From the LifeTalk Forum Week Ending 25th August

Welcome back and thanks to everyone who has subscribed to LifeTalk Insider - your weekly summary of the top posts in the LifeTalk groups.

We’re growing rapidly because the majority of advisers share this newsletter with their colleagues. Here’s this week’s selection…

  • From the main LifeTalk forum

  • Post of the Week

  • From LifeTalk Marketing

  • Forthcoming Adviser Training

  • Money Quote of the Week

  • From the LifeTalk AI Best Practice Group

  • LifeTalk Playlist on Spotify

John and 10 others: Pension death benefits to minor - ReAssure making it difficult. I have been contacted by a referral from a solicitor. Child A (age 12) is nominated beneficiary of 33% of his late Father's pension with ReAssure c.£36K. Child's mother is trying to arrange for the pay out but ReAssure are saying they will only pay to trustee account on evidence of an account and sight of a bare trust. Question…

Gianpaolo and 15 others: We are getting more and more frustrated with the (terrible) customer service with our main SIPP Provider, very slow in actioning anything, non communicative, the list goes on... Is this the norm or are there some great exceptions out there? Would you recommend one or more firms that stand out for being really good? Click…

Jane and 38 others: UK citizen, been in US for 20 years- has holiday house in Wales (in US wife’s name)- adult children scattered around the world, has Portuguese citizenship as well. He is sorting estate, trusts etc in US but he will have been domiciled in UK so potentially subject to UK IHT albeit left 20 years ago. He is looking at becoming US citizen- could he still be assessed as UK domiciled? Click…

Danielle and 22 others: I am reviewing our CIP and wondering if anyone has any recommendations of good MPS available on platforms? Specifically with a demonstrable history of delivering returns and control of volatility. ESG overlay preferable but just happy for suggestions based on good experience please. Click…

James and 27 others: I’m an operations manager in the steel industry and this week I qualified as an advisor. As I’m sure you’re all aware, just because I’m qualified doesn’t mean I’m anywhere close to being able to advise. I live in the Lincolnshire area. Any help/advice on the next steps? Click…

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David and 54 others: Client is buying her husband's half-share of a property they own jointly. Solicitor is saying there's no Stamp Duty as she is already a part-owner. I think he's wrong, and she has to pay stamp duty on the share she is now buying. Does anyone know definitively what the situation is? I've googled it and there's a few examples that would seem to confirm my view, but not the actual legislation. Click…

Darrell and 13 others: I have been asked to prepare and deliver a one hour seminar on the financial aspects retirement planning for a group of employees and the employer has said they will pay me for it. There is not likely to be a lot of business from it ongoing as the employees are mostly in a NEST pension scheme, any ideas or experience on how to charge for this as it is new territory for me. Click…

Post of the Week

Paddy and 23 others: Client has an estate of c£4,000,000, single no dependants. Most of it liquid and at some point they'd like to gift, but only 55 and don't wish to yet.

Offered an early retirement and severance pension of £43kpa plus £290,000 tax free cash. They have fixed protection 2016 and so they also will receive URBS of 25kpa plus a further £167k in cash. My understanding is that the URBS will be taxed, alongside salary of pro rated c90k for the year.

Are there any planning opportunities here? Click…

Adviser Training 6th September

This week I have sent 37 cold connection requests on LinkedIn to people I am targeting for a particular service.

37 of them accepted my request.

The message I use has 5 key elements which almost always work. I know they work for financial advisers too.

Join me on 6th September for our all new LinkedIn webinar for financial advisers and learn the 5 key elements so that you can use this message for yourself.

Date: 6th September Time: 10:30am sharp

Change your perception of LinkedIn, and let's unlock its potential together! Interested? Join everyone else who has registered and reserve your place here.

From LifeTalk Marketing

Networking - The latest list of regional networking events around the UK is available now. Click…

At the link below is an advertisement for lifetime mortgages from Standard Life Home Finance. Whilst the production values are high, it is Helen, Sonya, Cliff and Ange sitting in their own homes which are the most powerful aspect - and easily recreated by any financial adviser.

Anyone who has worked with me knows that I am fanatical about the power of video testimonials on their website - because they just work.

Before he sold his business, financial planner Brian Hill used video testimonials on his website to great effect, making his site the single most compelling I have ever seen from any financial adviser.

If you have some budget (and you really don't need much at all), then all the better, but if not, you can do this on your mobile phone. Either way, it will be one of the best investments in your business you will ever make. Click to view…

Money Quote of the Week

“Empty pockets never held anyone back. Only empty heads and empty hearts can do that.” Norman Vincent Peale

From the LifeTalk AI Best Practice Group

Look at this great way to repurpose it as articles or blog posts. Seems like a simple way to add more keyword rich content to your website. Join us to view…

Ultra realistic video avatars: Clearly a really cool tool, but it was what happened after I registered on the wait list that got my attention... 'He' sent me a personalised thank you video, generated with the tool. Join us to view…

Join other IFAs and financial planners in our AI Best Practice Group here…

LifeTalk Playlist on Spotify

Did you know that LifeTalk has an official music playlist? Join us and add your own tunes. Click…

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

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