ES Paraplanning

Outsourced paraplanning for financial advisers/planners. UK Defined Benefit (DB) pension specialist. Chartered Member of CISI.

[ES Paraplanning @ESParaplanning]

Advice in general has become unaffordable for most people in the UK, never mind DB pension transfer advice. #FinancialPlanning #FinancialAdvice @CISI @pfsconf

[FT Adviser @FTAdviser]

FCA insists consumers can still access affordable DB advice https://t.co/BMB2v80Idj

[ES Paraplanning @ESParaplanning]

@BeccleJ Thanks Becky.

[ES Paraplanning @ESParaplanning]

@sianicw Thanks for the retweet. It's a difficult time for many businesses and individuals.

[ES Paraplanning @ESParaplanning]

Please help me if you know any advisers who would like an outsourced paraplanner. I'm level 4 qualified (level 6 for pensions) with lots of occupational pension experience but I have worked in all the main areas of UK financial planning. #paraplanning #paraplanner

[ES Paraplanning @ESParaplanning]

Does anyone have any paraplanning, translation (French-English) or basic web design projects which need doing? I've got some excess capacity but possibly not in the medium to long term so I'm looking for project based work. Experienced with Australian pensions too. #freelance

[Eddie Sammon @Sammon_En]

I used @TransferWise to receive a payment from an Australian client and I paid only €0.71 in fees on transactions totalling €16.53. However, if I used my bank I would have paid €19! More than the transaction! Flat rate transaction fees should be banned.

[ES Paraplanning @ESParaplanning]

@MyMoneyAlive Ha ha, no worries, it is a nice bench! :)

[ES Paraplanning @ESParaplanning]

Anyone know any good PI insurers for outsourced paraplanners? #paraplanning #paraplanner #professionalIndemnity

[ES Paraplanning @ESParaplanning]

@jessbrammar Tips: cook extra the night before for lunch the next day, work in clean clothes, forget about perfection, enjoy the time, money and pollution you are saving by not commuting.

[ES Paraplanning @ESParaplanning]

Just did some work on a DB scheme which had a CETV of 44 times the annual pension at date of calculation (not leave). The increase in DB transfers is not only down to bad advice but the increase in CETVs due to falling gilt yields. #DBTransfers #DBSchemes #DBPensions

[Martin Lewis @MartinSLewis]

Morning. Today I'm announcing I've commissioned a large scale study by the LSE to find ways to release 170,000+ mortgage prisoners. Many are stuck on hideous rates, often as the govt sold their loans to inactive lenders. Something needs be done. Pls read https://t.co/9lq3RBCxpl

[ES Paraplanning @ESParaplanning]

I don't often praise the FCA but they need praise for clamping down on people putting any old shite in financial promotions. Living abroad I see online stockbrokers talk about the stock market like it's some kind of free get rich quick scheme.

[ES Paraplanning @ESParaplanning]

Anyone who writes suitability reports should use a consistent writing style, otherwise it looks sloppy or wastes time as people edit out inconsistencies. I imagine it's a bit like being a journalist. #paraplanning #journalism #writing

[ES Paraplanning @ESParaplanning]

A full and in-depth financial review for a client takes a long time, I find it hard to believe they can be done profitably for less than £5K. The problem is most people can't afford this. So what is the future of financial planning? Only for the rich, or abridged advice?

[ES Paraplanning @ESParaplanning]

Any UK IFA firms who face losing their EU passporting rights due to Brexit can get in touch with me as I know a firm who can quickly get you a MiFID licence whilst allowing you to keep your own brand. EU wide networks will become more popular after Brexit. #FinancialPlanning

[ES Paraplanning @ESParaplanning]

My business may only be a one-man band, but I export services internationally and I'm very proud of it. Outsourced paraplanning is a good business if you have advisers who pay you properly. #paraplanning

[ES Paraplanning @ESParaplanning]

@DavidPenneyPRW These figures are nonsense because in France company and state pensions are basically the same thing so obviously it's going to be higher in a combined corporate-state system. This is why their "minimum state pension age" is also lower than ours.

[ES Paraplanning @ESParaplanning]

@L_A_Robinson8 The figures include the value of death benefits, much of which may not be paid for someone who is single. There is also the hurdle rate but the hurdle rate doesn't include increases in payment. The capital value figure also compares a transfer value today with a figure at NRA.

[ES Paraplanning @ESParaplanning]

Doing a suitability report and I'm on the critical yield / transfer comparator section and I know the client is going to be confused and the figures aren't even very relevant to her situation. We need another reform. #Paraplanning #pensionsadvice #DBPensions #RetirementPlanning

[ES Paraplanning @ESParaplanning]

@Colinstewart76 Plus, for this IFA I have to mention the CY but in general I prefer the CY to the capital value figure but both have their problems.

[ES Paraplanning @ESParaplanning]

@Colinstewart76 I don't go into a lot of detail but I personally find the CY more useful than the capital value figure so I talk about them both. We don't have a choice on the capital value figure in the TVC.