random thoughts of a paraplanner

So very wrong

Ferrari-limousine

Meet the world's fastest stretch limo: a Ferrari Modena 360 limousine by Dan Cawley of Style Limousines and Prestige Limousine in Birmingham, England. They did cut a regular 360 Modena in two to create the behemoth. And of course, there's disco lighting. Can't have a party limo without disco lighting. via Neatorma

Filed under  //  other stuff  

Treadmill desk

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If you want to combine exercise and working this could be just the thing for you!  Not sure how all the heavy breathing when making phone calls will be received though.

Filed under  //  gadgets  

Standard Life Wrap and me!

As some of you may know I have tweeted a few times in the past about my frustrations with the Standard Life wrap and I have even published the odd video to backup my point. It turns out that although Standard Life does not seem to have embraced social media to the same extent as other providers, they were in fact monitoring my comments and rants.

I was recently contacted by two senior members of the marketing and communications delivery team about my tweets suggesting that it might be a good idea for us to meet and discuss the issues I raised. My first thought was that this would be some kind of Mafia hit and that I would never be seen again but am pleased to say that the meeting took place last week and I am here to tell the tale.

It's fair to say that I use a lot of wrap accounts and my frustrations with Standard Life are due to the fact that the service provided for their non-wrap products is superb. Therefore my expectations for the wrap account were high although they failed to deliver. We discussed a fairly long list of issues I have with the wrap and we also went through an equally long list provided to me by some of the advisers I work with. These were all noted by the representatives from Standard Life and I believe that they have the motivation to act on some of them. However, with Standard Life being such a large company it may take some time and a degree of persuasion for the wheels to turn and improvements made.

I do like to provide a balanced view and so far all of my comments about Standard Life and their wrap account of being somewhat negative. Our meeting was very constructive and positive and I hope that future blog posts will continue with the positive vibe I had after our meeting.  Either way I will report back.

Filed under  //  financial planning   frustrations  

Levitation is here

This is real mind blowing stuff, especially the track section. I want this built into my next car.


IFP Conference Curry Night

The first night IFP Conference curry tradition goes all the way back to 2010 when it was started by Pete Matthew who took us to a fantastic Indian restaurant in Newport which thankfully is a lot better inside than it looks outside.  The food and service were superb and so this year we are continuing with this long standing tradition once again. 

This is becoming the unofficial IFP Conference Tweetup as most of those attending have met each other on Twitter if not in person and is a chance to meet some great people and have an enjoyable evening.  The plan is as follows for the Monday evening:
  • Enjoy the exhibition and welcome drinks from 17:30 not forgetting to visit the Timebank and 360 stands (both of whom will hopefully be joining us)
  • Meet in the main bar (on the same floor as Reception) at 19:00 for a pre-diner drink and to get those awkward "you look nothing like your Twitter avatar" moments out of the way
  • Taxis from Celtic Manor to the restaurant at 19:45
  • Table booked for 20:15
  • Taxis back whenever
I plan to book the table this week as we will probably take up most of the restaurant.  So, if you want to come please leave a comment below to reserve your place.

Please refresh the page once you've added your comment to make sure it has been added.

Disclaimer: I accept no responsibility for anything that might happen on the night unless it is good.

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Filed under  //  other stuff  

Back office systems - watch out!

I'm not a huge fan of the traditional IFA back office systems and think the whole market could be shaken up once some of the big, generic players decide to take a piece of the action.  I have used salesforce.com for several years and they have just launched their "touch" app which runs on most, if not all, smartphones, tablets and laptops.  Another great example of how data and applications are evolving.
Filed under  //  financial planning   gadgets   iPad   software  

Amazing flying man!

I posted this to Twitter yesterday but wanted to share it on here so that I know where it is.  This is really living life to the full.  Stay to the end to get a real idea for how fast and low he is flying.
Filed under  //  other stuff  

Risk profiling tools - part 1

The whole issue of risk profiling has always been of great interest to me and the FSA has stimulated much discussion on this subject with their recent proposed guidance (which I think is one of the best and most useful documents they have produced).  I have been meaning to write a series of posts on this subject for a long time, well a couple of years actually, and this one sets the scene.  

As some of you may know, my business has launched a simple cash flow planning tool and we are going to be talking a lot about how a cash flow can form the basis of a robust risk assessment process on the Moneyscope blog shortly.  I am also speaking on this subject at the IFP Conference in October so, if you are interested and going to be there, please come along and add your own views.

I have been researching this subject for a while and so some of the information in this series is out of date but the results are all still valid and hopefully useful to you.  I intend to write the following blogs:
  1. Background and the "problem" (this post)
  2. Results of our survey on the tools advisers use
  3. What a robust process could look like including the MI you should be keeping
  4. How cash flows can help
That's the plan although it might change as we go.

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Filed under  //  financial planning   moneyscope   paraplanning   software  

Is the government now an IFA?

This is the new TV advert from the Money Advice Service (thanks to Citywire for the tip off).  They seem to have hijacked "independent" and "unbiased" as part of their service and make a real point about if being "free".  Of course it's not free, it's paid for by you and me.
Filed under  //  financial planning