The future of UK paraplanning is already here, it is just currently based in Australia. I have recently had the good fortune of mixing a trip to Australia to catch up with family and look in on a couple of the mega paraplanning businesses based in Perth Australia. Before going into further detail … Continue reading The future of UK paraplanning is already here…
Back in the early days of my career, I was provided with a laptop (cutting edge in the early 1990’s) which was used to fact find, obtain quotes off the exchange and write my own reports. Back then I had no idea that I was actually doing my own ‘paraplanning’, it was just part of … Continue reading Why paraplanning is not just about report writing.
We, The Paraplanning Hub, are adding to our flexible talent pool again! We are looking for those people, the flexible ones who are passionate about the detail behind financial planning but prefer the freedom to work to suit their lifestyles. The ones who believe all good financial planning starts with evidence of suitability. Those paraplanners… … Continue reading We are recruiting – Paraplanners
A question that always comes up when we are talking to prospective clients that are looking to start working with us is around how we carry out our work and in particular what financial ‘tools’ do we use. Over the years we have used many different technologies, we have refined this down to a core … Continue reading Paraplanning Hub – The many software tools we use.
Why do financial advisers like networking so much? Many see networking as a crucial part of business development because it enables them to nurture relationships and, importantly, build trust. According to a Research And Markets report from early 2019, growth prospects for financial advisers are good, but they can find themselves resource-poor, facing heavier regulatory … Continue reading How Financial Advisers Can Connect Using LinkedIn
Confirming Continued Suitability The reason for paraplanners, including us outsourced paraplanners, is in essence, quite a simple one; to evidence suitable financial advice. Including playing a part in confirming continued suitability of the recommended plans and investments. Financial Advisers are experts in getting to know the financial planning needs of individuals and coming up with … Continue reading Outsourced Paraplanning – Confirming Continued Suitability
Yes, our managing director was contacted by a recruiter and asked if he would be interested in becoming a “Defined Benefits Transfer Redress Specialist”! He kindly declined this lucrative offer. Sadly, we know he could have made a lot of money in this role because too many well-meaning financial advisers who helped “clients” achieve their … Continue reading The “Defined Benefit Transfer” Pitfalls
Very interesting and topical article on greenwashing and ESG data Challenge from SCM Direct. I think financial advisers need to tread carefully before jumping down the ESG rabbit hole, given that, in a paper by State Street, for four leading data providers’ their ESG scores still have less than 50% correlation to each other … Continue reading ESG data Challenge – Greenwashing?
As the majority of financial planners will be aware the FCA recently released their much anticipated response to the 2019 consultation on Pension transfer advice, PS20/6 –‘Pension transfer advice: feedback on CP19/25: our final rules and guidance’. In an unusual move, this policy statement is accompanied by a guidance paper (GC20/1), outlining good and bad … Continue reading FCA DB Transfers Paper