The site for Paraplanners and Paraplanning in the UK
From the monthly archives:
The Federal Reserve has cut interest rates for the second time in nine days as it tries to keep the US economy from entering a recession. The central bank lowered rates to 3% from 3.5% after a two-day meeting.
Last week, the Fed slashed the cost of borrowing by the largest amount in 25 years in [...]
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The government has announced changes to capital gains tax (CGT), confirming that it will set a single 18% rate and cease taper relief from 1 April. But Chancellor Alistair Darling also said there would be a 10% rate on gains of up to £1m, to help entrepreneurs.
The original plans to raise the rate had met [...]
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The Annual Allowance is the maximum amount an individual can receive into their pension fund during the current tax year from all sources without a tax charge. For 2007/08 this amount is £225,000. However, when a contribution is made, the policy is automatically set up with an input period of 12 months and this contribution [...]
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Not the most appetising of titles I agree. One thing I have found when employing junior paraplanners is a thirst for general knowledge of economics and how things like a recession or high inflation can have an impact on all our finances. I spend probably too much time seeking out information on a [...]
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A rush to withdraw money from its commercial property funds has forced Scottish Equitable to introduce delays of up to 12 months for its customers. It affects investors in the Scottish Equitable Property fund, Select Reserve fund and Select Distribution fund. Aegon UK, which runs the fund, blames the rush to [...]
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Fidelity FundsNetwork is offering an allocation uplift for clients and additional trail commission for advisers on its Investment Bond this Spring.
For all applications received on or after January 21 until March 28 2008, clients aged under 80 and investing over £50,000 will qualify for the 1% uplift in the allocation rate on their bond. [...]
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With Profits has long been out of favour with many advisers when investing new money for clients. At the same time, there has been a significant amount of money moved out of With Profits into alternative funds to escape from the very low annual bonus returns in the pursuit of greater returns. Several [...]
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Martin Vaughan is a Senior Paraplanner at Cooper Parry Financial Services and has written this article which has been published on the company’s web site and will shortly appear in the Institute of Financial Planning’s magazine.
Paraplanning now plays a pivotal role in the modern financial planners practice but there are still advisers who are not [...]
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Cost efficiency and having the flexibility of an ‘on-demand’ service are two of the main reasons for utilising an outsourced paraplanning service for financial advisers, financial planners and wealth managers. Richard Allum, Managing Director of outsourced paraplanning specialists Adviser Assist, identifies the most common scenarios for employing outsourced or freelance paraplanners; “Based on [...]
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