Chris Maniak APFS BA(Hons)

Dive into the latest insights from Edward Backhouse FPFS as he breaks down the pros and cons of Pensions vs Lifetime ISAs. Whether you’re planning for retirement or exploring your savings options, this comprehensive guide has got you covered. In this blog, Edward covers everything you need to know about pensions and lifetime ISAs and gives tips on workplace pensions. He also discusses the limits on how much you can contribute to your pension and offers tips on maximising your savings. Don’t miss out on this valuable read! Click here to read: https://lnkd.in/eWjgC8yX #RetirementPlanning #Pensions #LifetimeISAs

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CGT rate rises in the recent budget mean advisers need to think outside the box. We see this as a golden opportunity for you to demonstrate the value of your advice and significantly improve your clients’ financial outcomes. We’re here to help you seize this opportunity. Find out how 👉 bit.ly/4ezv7fe

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Discover the benefits of consolidating your pensions with expert advice from our Independent Financial Advisers. Simplify your retirement savings and gain clarity on your financial future. Learn more: https://buff.ly/4bIa09y

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One of the most important aspects of financial planning is helping your clients manage their pensions, portfolios, and contributions effectively. Our Adviser SIPP gives you the flexibility to consolidate your clients' pensions, manage their portfolios, and make contributions all in one place. With the Adviser SIPP, you can provide your clients with a streamlined and efficient way to manage their finances while giving them access to a wide range of investment options. Plus, with our easy-to-use platform, you can stay on top of your client's investments and make adjustments in real time, ensuring that their portfolios remain aligned with their financial goals. Discover more here: https://lnkd.in/dKwmwrG #FinancialPlanning #AdviserSIPP #InvestmentManagement #PensionPlanning #PortfolioManagement #RetirementPlanning #Finance #Investments #FinancialAdvisor

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INTERMEDIARIES: Age is never a barrier at Dudley! We support clients approaching or in retirement with flexible criteria, including: ❌ No maximum age on repayment terms 💼 Earned income considered up to age 75 📊 Up to 70% LTV for retirement and 80% LTV into retirement It's never too late to start. Find out more about our later life mortgages: https://bit.ly/44olBYI

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Outsourcing paraplanning allows you to focus on what truly matters – delivering quality advice to your clients. Here's why financial advisers are choosing us: 👉 Efficiency – Get FCA-compliant reports without the hassle. 👉 Flexibility – Scale up or down based on your needs. 👉 Expertise – Access highly experienced paraplanners whenever you need. Why juggle admin and reports when you can spend more time building your business? Let us lighten the load. Contact us today to discuss how we can support your practice! #financialadviser #paraplanningsupport #businessgrowth #outsourcedservices #financialservices

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Discover the key themes from Scottish Widows’ 2024 Paraplanner Survey in this webinar with Professional Paraplannerincluding myths and misconceptions about paraplanners, how technology is shaping the role and how regulatory changes affect workload. Watch Now: http://spr.ly/6044oDhvM

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The Fourth Edition of the Technical Guide to Business Relief launched today. The hugely popular guide is for financial advisers and paraplanners and is backed by a wealth of in-depth research. Written in collaboration with several thought leaders, the guide is a fantastic resource for all things Inheritance Tax planning.   Published by Intelligent Partnership, the guide is full of insight, planning scenarios and expert commentary on the pivotal role Business Relief plays in Inheritance Tax planning.   Download the guide: https://lnkd.in/ee5Meq-4   #BusinessRelief #IHTPlanning #CPD

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We are delighted to announce the release of the highly-anticipated fourth edition of ‘A Technical Guide to Business Relief’, in partnership with TIME Investments. An absolute must-have resource for all those considering their estate planning needs and to get to grips with using BR products. This guide delves into the latest rules, market drivers, and technical insights from several experts and thought leaders in the sector. Plus, discover more on how Consumer Duty now plays a focal part when considering BR for your client base. #BusinessRelief #IHT #EstatePlanning #ConsumerDuty

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Will using Guyton Klinger guardrails allow me to withdraw 7% from my pension in early retirement? A big part of our job is encouraging clients to spend money in retirement without fear of running out. Many clients want to front-load their retirement spending, undertaking activities now that they might not be able to later in life. We recently discussed how cashflow planning software might not reflect the potential risks of front-loading retirement spending, and we've also covered the risks in the past when adopting the Guyton Klinger (GK) guardrail strategy. Today, we investigate the risks of front-loading retirement spending when a retiree uses the GK guardrail approach. Our client (Pete) has a retirement pot of £1,000,000 and wants to take out £70,000 per annum during the first decade of retirement. Pete is prepared to: 1️⃣ Accept some cuts to his retirement income should we encounter turbulent markets. 2️⃣ Reduce his retirement expenditure once the first decade has passed. For benchmarking purposes, we use an inflation-adjusted approach and examine just the first decade (this might give a clue as to how bad things can get). We then move on to GK guardrails. If we look at just the median retirement balance, things don't look too bad, with the balance (in real terms) slowly reducing over the decade. GK does a good job (vs the inflation-adjusted approach) of reducing the range of potential outcomes of the retirement pot, and even in the worst case, the funds don't run out in the first decade, although we'd question whether a retiree would stick with the plan if the balance fell too far. Regular readers of our blog will know what's coming..... In the worst case, real income will be cut by over 😲 60% 🤯 by the end of the first decade. Would holding a cash buffer help? Realistically, we'd suggest not for several reasons. 1️⃣ Should you temporarily ignore the rule during down markets and start taking money from the cash buffer instead? 2️⃣ Do you use the cash buffer to bolster the retirement income if you experience poor Guyton Klinger outcomes? You would need a very big cash buffer to do this! 3️⃣ How does the cash buffer get topped up after being depleted? 4️⃣ How do you accommodate increased withdrawals at the outset from the portfolio after you have taken two years' income (for example) for the cash buffer? For example, if a £140,000 cash buffer is set aside, the initial withdrawal will rise from 7% (£70,000/£1,000,000) to around 8.1% (£70,000/£860,000). It's important not to double-count assets! We conclude that taking an initial 7% pa using the GK approach is probably not viable if retirees knew the potential downsides. We'd also question whether a retiree shouldn't instead be using risk bask guardrails, which have far fewer drawbacks and align more closely with real-world retirement planning scenarios. Links in the comments below: Today's pic is AI-generated and shows a broken guardrail (one of its better efforts 🎉).

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𝐖𝐡𝐚𝐭 𝐢𝐬 𝐠𝐨𝐨𝐝 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐩𝐥𝐚𝐧𝐧𝐢𝐧𝐠 I like this graphic from James Shackell 🤩 Financial advice / planning is terribly misunderstood 🫣 Most people just identify selling insurance and picking investments 🤪 Maybe it’s misunderstood because it is a radically different profession with a different service / value to 20 years ago (when I started) 🧐 Although I belive the value is mainly relational / behavioural… I love the specificity and accountability behind this breakdown. Do you agree with this breakdown? Are you experiencing / delivering it today? I would love to hear your thoughts 👇 #financialplanning #financialadvice #clarity

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Do you know someone who could benefit from expert paraplanning services? By referring a client to us, you'll gain rewards for yourself. As paraplanners, we handle all the technical aspects of financial planning, freeing you up to focus on building relationships and growing your business. Contact us today to learn more about our referral program and how we can help you succeed. #financialadvisor #paraplanner #referral #financialplanning

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𝐀𝐝𝐯𝐢𝐬𝐞𝐫𝐬, 𝐃𝐨𝐧’𝐭 𝐆𝐞𝐭 𝐂𝐚𝐮𝐠𝐡𝐭 𝐎𝐮𝐭 𝐛𝐲 𝐇𝐢𝐝𝐝𝐞𝐧 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐅𝐞𝐞𝐬! Recently, an adviser I know invested in new financial planning software, assuming it would be like their old system—where adding a paraplanner or assistant was either free or much cheaper. Imagine the shock when they learned that even if a contract paraplanner only needed access a few times a month, a full-price license was still required! That was $1000's of dollars a year. With tools like LastPass, sharing logins used to be simple and secure, but with two-factor authentication, each user now often needs their own login, and costs can add up quickly if you’re not prepared. That’s why I’m a fan of Claras.ai software. While the full license is $139 pm, you can add an admin login for just $39 pm, giving your assistant access at a fraction of the cost. Plus, your practice manager/admin can access the platform for free to set up and edit templates, keeping your operations lean and efficient. A little bit of homework on fees and admin logins can save you from surprises down the line. 𝐇𝐚𝐯𝐞 𝐲𝐨𝐮 𝐜𝐨𝐦𝐞 𝐚𝐜𝐫𝐨𝐬𝐬 𝐡𝐢𝐝𝐝𝐞𝐧 𝐭𝐞𝐜𝐡 𝐟𝐞𝐞𝐬 𝐛𝐞𝐟𝐨𝐫𝐞 ? 𝐃𝐫𝐨𝐩 𝐚 𝐜𝐨𝐦𝐦𝐞𝐧𝐭 𝐚𝐧𝐝 𝐭𝐚𝐠 𝐬𝐨𝐦𝐞𝐨𝐧𝐞 𝐰𝐡𝐨 𝐜𝐨𝐮𝐥𝐝 𝐮𝐬𝐞 𝐚 𝐡𝐞𝐚𝐝𝐬-𝐮𝐩 !

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