Tax Efficient

Damian does a myth-busters on suitability reports and addresses some of advisers’ most common misconceptions. He reveals who the real bad guy is when advisers face complaints and tells us what is essential for a suitability report and what is superfluous, and then focuses in on the unique suitability considerations for VCTs.

Highlights of the VCT Masterclass at the offices of DWF in London where a sell-out audience of financial advisers and wealth managers heard presentations from Will Bateman representing DWF, Chris Moakes from PwC, Ian Sayers of The AIC, Eliot Kaye from PUMA, Graham Roberts from Triple Point, Chris Hutchinson from Unicorn, Diana French from Octopus, Tony Mudd of St.James’s Place and Damian Davies from The Timebank.

Eliot Kay tells us what advisers need to know about limited life VCTs and how they address some of the issues that disappointed early VCT investors. He gives us the lowdown on how debt and equity can be mixed to protect capital, the risks of a low yield portfolio and how they can be mitigated, and discusses what sort of clients advisers should consider for limited life VCTS.

Will talks about how VCT regulations help protect investors and advisers and reveals what advisers should be looking for when they review a VCT investment prospectus. He also tells us what VCT regulatory changes DWF think advisers should have on their radar.

Chris discusses what advisers should be looking for from VCT managers, the investment case for AIM listed smaller companies and why advisers have justifiably overlooked VCTs in the past – and why they should reconsider VCTs today.

Highlights of the BPR Masterclass at the offices of BDO in London where an audience of 44 financial advisers and wealth managers heard presentations from Tony Mudd of St James’s Place; Jason Butler of Bloomsbury Wealth; David Brookes of BDO; Simon Ruthers & Oliver Hughes of Oxford Capital; Eddie Grant & Gabrielle Beaumont of Ingenious; Justin Waine of Puma; and Henny Dovland of TIME.

Jason talks about where BPR fits into the overall picture, the criteria he uses to select products and providers, whether you should ever let the tax tail wag the investment dog and the three potential changes to BPR legislation that he foresees.

Henny discusses key questions advisers should ask of both products and the team behind them, the importance of scalability, the nature of the underlying trades, why BPR products could be essential for business owners and why BPR is a great way for advisers to add value for their clients.

Justin shares the secrets of successful stock picking on AIM when your objectives are capital preservation and IHT relief, and gives us an insight into Puma’s BPR service and his views on any potential challenge to BPR from HMRC.