Welcome to LifeTalk Insider #8

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LifeTalk Insider
June 23, 2023 • Estimated Reading Time: 7 minutes

From the LifeTalk forum week ending 23rd June

Jordan and 10 others: Cash vs Equities for medium risk investors... Now that we're seeing 5 year fixes over 5%, I'd typically be modelling for around 5-6% average annual returns for a multi-asset fund. Question…

Bill and 18 others: Does anyone have a list or know where to find out easily what pension providers will allow / accept a partial transfer from fully crystallised funds? Click…

Donna and 18 others: What's the thinking with annuity rates now, are they bound to increase with an interest rate rise but if we see a rate rise, is this just as likely to hit fund values (adversely) too? Click…

Brian and 11 others: Just came across this financial planning software - anyone looked at it? Click…

Stella and 16 others: Want to simplify my working life… Can anyone recommend a back office system - currently using IO but not using half of it! Click…

Jill and 27 others: Left Quilter's nearly two years ago now and just received a phone call asking why I left ? Would I be interested in joining again with the new proposition. Click…

Andrew and 40 others: My wife controls my work diary and books all my appointments in for reviews which makes life a lot easier for me. A colleague is trying to do everything by himself but doesn’t want to employ an assistant. Question…

Brad and 35 others: Charging & TCF question… I have a self employed individual who has approached me because they have always been self employed and never paid into a pension. They would like me to set one up and I'm not sure how I should charge for it. Question…

Claire and 33 others: I'm looking at salaried adviser posts and would be really helpful to have an idea of typical packages offered, where taking over an existing book of business. I'm chartered. Someone yesterday offered £60K basic, validation 4 x salary, with 35% bonus above validation, 5% pension - I thought this seemed a bit low. Question…

Post of the Week

Donna and 42 others: Universal Credit help please.

Client is in receipt of State Pension but wife in receipt of UC. They have very little in cash savings, he has cancer (as does his wife) but he is still working. He has £6600 remaining in PCLS and a pension fund of around £70K. If he draws PCLS under £6k will this be ignored for UC? If he takes income through FADD will that count for UC? If he takes it as annuity will it count for UC? He has previously drawn PCLS and I advised him to check that with DWP (UC) but it was used to clear debt so would possibly have been ignored by them anyway. Question…

From our Partners

Make sure to register for Air’s National Later Life Adviser Conference 2023 on the 29th June at the British Motor Museum, Warwick.

Are you ready to dive into a day designed to help you navigate the later life lending market? Join Air for this annual and highly anticipated event, packed with industry expert speakers, interactive sessions, breakouts and so much more!

Air will be hosting some taster sessions from their Air Academy Events including their: Summit, Symposium and some exclusive Masterclasses. Learn more or register here…

From LifeTalk Marketing

POLL - When you first meet or have a discussion with a brand new prospect (phone, Zoom, email face to face etc), do you give them any form of guide to your financial planning services explaining what happens, when etc? This could be a printed or PDF booklet, standard email, link on your website, infographic, PowerPoint slides, video etc. Click…

Having met tens of thousands of financial advisers around the world, I've seen very clearly that most of the most successful have used one particular marketing strategy in some shape or form as part of their proposition and communications… Click…

Why financial advisers and planners should start their own podcast. Click…

From the LifeTalk AI Best Practice Group

What’s your AI IQ as a Financial Adviser?

How much do you know about AI and how open are you to adopting it in your practice? Take our quick quiz and get your AI IQ score. Click here…

Recommended Book

Lead Generation for Later Life Financial Advisers - How Professional Equity Release Advisers Can Attract More of their Ideal Clients.

Out today on Amazon. Get your copy here…

Money Quote of the Week

“Buy when everyone else is selling and hold until everyone else is buying. That’s not just a catchy slogan. It’s the very essence of successful investing.” J. Paul Getty

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