John Wheatley

@dontdelay The problem is that when do you cut the triple lock and then make the SP means tested? It needs to happen, but young and middle age people get old and then what they are paying tax for they miss out on.

Fascinating data on triple lock on pensions Perhaps not unsurprising that people who receive the state pension overwhelmingly want it to keep increasing. But concerning that so many younger people don't have an opinion on it, especially since they're the ones paying for it.

@stats_feed Walking in the countryside. And wild camping.

What free thing is so good you can’t believe it’s actually available for free?

@JamesMelville Moving house.

@Dan4Barnet Isn’t the Bank of England separate from Government? This comment suggests otherwise.

Interest rates rose EIGHT times under Truss and Sunak – rising from 1.75% to an eye-watering 5.25% – causing misery for mortgage holders. Today’s interest rate cut is the fourth under this Labour government. Our Plan for Change is working, and brighter days are ahead.

@iamtomskinner I agree with this. However, the apprenticeship system is an absolute mess. Employers that want to make use of apprenticeships find it so hard to navigate that they don’t bother.

I really don’t understand the appeal for kids to go to University. Kids today are better off diving into real jobs and apprenticeships! Straight in at the deep end. Why spend years in university racking up loads of debt just to chase after jobs that may not even exist? Hands on experience builds skills, confidence, and a clear path to success! I think pushing kids to go university is the wrong thing to do on my opinion, hands on learning is the way forward. Bosh❤️

@David__Osland It doesn’t. Those paying for private social care are subsidising those that the state pay for as the state pays a lower amount. This happens in the same settings.

How does it cost £8000 a month to provide one person with residential social care anyway? What percentage of that is profit for private equity bosses?

@SmartSacks @Profadviser And have two thirds of advisers really mentioned it? They obviously haven’t got much to talk about if they have.

More than a third of advisers have not mentioned Consumer Duty to clients professionaladviser.com/4381116/ via @profadviser why would you? Can't imagine Tesco's or my local council giving me the run down as to why prices are changing? they'll just say "as part of our review process.."

@timecaptales The Bends, Radiohead

Which album do you think has no bad songs on it & can be listened all the way through with no skips?

So with 38% claimants of Universal Credit being in work it seems crazy to keep ramping up employer taxes. Surely freeing up the ability to increase employee wages without being penalised through additional taxation would ease those requiring to draw UC?

@SmartSacks Totally agree. That said I have two clients who need access to TFC next year for differing reasons and seems sensible to bring that date forward.

It's difficult to put a Financial plan in place, without knowing the full facts. So with speculation rife on what Labour may or may not do to Tax and personal pensions, do you put together a plan based on speculation, or wait for confirmation then act?

@philbray73 @VouchedFor Thanks for the ideas Phil. We are on the hunt for Google reviews so that’s a good shout.

@philbray73 We have literally set up WhatsApp for business today. Not sure what to do now but it is there!!

This time last year New Orleans. Today Orleans. These two cities sum up the difference between the USA and France. Literally nothing in common, however, I found much to like in both. That said we felt fearful of our lives in one of the two. And it wasn’t from Joan of Arc.

@RugbyInsideLine This is a mess.

🌹 ENGLAND TEAM FOR 🇫🇯 1) Genge 🐻 2) Dan 💫 3) Cole 🐯 4) Itoje 💫 5) Chessum 🐯 6) Lawes 😇 7) Willis 🚽🚽 8) Earl 💫 9) Mitchell 😇 10) Ford 🦈 11) May 🍒 12) Tuilagi 🦈 13) Lawrence 🛁 14) Malins 💫 15) Steward 🐯

@RugbyInsideLine It is not just the ticket prices at Twickenham that are off putting, it is the whole day cost. Transport, food and a few pints. You are doing well to enjoy a day out for less than £400 for two.

81,409 attended England vs Fiji in 2016 at Twickenham. We’re heading into the World Cup… It’s virtually impossible not to fill out Twickenham! What is going on?!

@stats_feed Who rated these cuisines? Americans? There is no way US food could be mentioned in the same breath let alone equal to French.

The best rated cuisines in the world: 🇮🇹 Italy - 4.72 🇬🇷 Greece - 4.68 🇪🇸 Spain - 4.59 🇯🇵 Japan - 4.59 🇮🇳 India - 4.54 🇲🇽 Mexico - 4.53 🇹🇷 Turkey - 4.52 🇺🇸 US - 4.51 🇫🇷 France - 4.51 🇵🇪 Peru - 4.51 🇨🇳 China - 4.49 🇧🇷 Brazil - 4.49 🇵🇹 Portugal - 4.47 🇵🇱 Poland - 4.44 🇩🇪 Germany - 4.37 🇮🇩 Indonesia - 4.37 🇭🇷 Croatia - 4.33 🇦🇷 Argentina - 4.33 🇰🇷 South Korea - 4.31 🇻🇳 Vietnam - 4.31 🇭🇺 Hungary - 4.26 🇷🇴 Romania - 4.25 🇵🇭 Philippines - 4.25 🇮🇷 Iran - 4.23 🇷🇸 Serbia - 4.23 🇬🇪 Georgia - 4.23 🇨🇿 Czech Republic - 4.21 🇧🇬 Bulgaria - 4.20 🇬🇧 England - 4.18 🇹🇭 Thailand - 4.16 🇧🇪 Belgium - 4.14 🇳🇱 Netherlands - 4.10 🇦🇹 Austria - 4.09 🇩🇿 Algeria - 4.33 🇩🇰 Denmark - 4.05 🇿🇦 South Africa - 4.03 🇸🇾 Syria - 4.23 🇧🇦 Bosnia - 3.99 🇲🇾 Malaysia - 3.99 🇱🇧 Lebanon - 3.99 🇺🇦 Ukraine - 3.98 🇵🇸 Palestine - 3.98 🇧🇩 Bangladesh - 3.97 🇱🇹 Lithuania - 3.96 🇹🇼 Taiwan - 3.96 🇵🇾 Paraguay - 3.96 🇵🇰 Pakistan - 3.96 🇹🇳 Tunisia - 3.95 🇺🇾 Uruguay - 3.95 🇸🇰 Slovakia - 3.94 *According to audience votes for ingredients, dishes and beverages.

@AlanJLSmith One has to consider what the vision is of acquirer firms. Most must share the Morgan Stanley shorter term view.

Very interesting article and data – there’s another wealth management business in the UK (the largest one) which operates a very similar model..

@kermitthecontr1 @LBC @ShelaghFogarty If I had a penny for every time I heard this I would….buy another property that you cannot lose money on.

'My heart does not bleed for buy-to-let landlords at all.' If landlords are using property as a business rather than somewhere to live, then they must accept the potential to lose money, this disgruntled @ShelaghFogarty caller says.

@AbrahamOnMoney @RobS_Kingmakers It’s the best option at present. In my opinion at least.

@wheato1976 @RobS_Kingmakers I don’t agree that existing platforms are the answers either. But that’s debate for another day.

What's the average revenue an adviser can earn if they run their own platform?

@AbrahamOnMoney @RobS_Kingmakers I couldn’t agree more. The whole business of gaining and retaining permissions along with the additional compliance headache is just too daunting for most. Partnerships with existing platforms seems a more straightforward prospect.

Was thinking about this earlier. £500m AUM x 20bps = £1m of ARR You’d pay at least 50% of this to underlying custodian (Seccl, Hubwise etc) or you’re asking for CASS trouble. That leaves £500k for 2 software dev, 1 operations head, reg cap and compliance. Don’t think you’d make any money with less than £1bn AUM. And even then, could probably think of lots of ways to improve your margin by 5bps. There may be an operation efficiency angle though.