Welcome to The Self-Assembly Paraplanning Show, a monthly unscripted conversation where we invite a small group of paraplanners to compare notes on what’s actually happening in their world.
Just so you know: guests appear in a personal capacity and not on behalf of the business that employs them.
This month’s host, Sam Tonks, is a technical advice specialist at Lloyds Wealth. Sam is joined by Adam McCarthy, a paraplanner trainer at Succession Wealth, and Kyle Kennedy, a paraplanner at Trinity Bridge.
Topics that Sam, Adam and Kyle cover in this Self Assembly include:
- the Budget
- the difference smaller and larger firms when they react to significant changes – and who decides
- why explaining the reasons behind a process change can help people accept it
- gifting out of surplus income: where HMRC’s rules on capital and income leave room for interpretation, and where flexible reversionary trusts and business relief fit in
- how to make complex planning work for clients
- what paraplanners gain from joining client meetings
- guess how many defined benefit schemes are still active in the UK – and why annuities are back
- where to find CPD when you work for a bigger firm
- AI as an ‘artificial intern’
- the advice gap – including the % of UK adults who receive regulated advice
- A potential Treasury commission on careers in financial services
Plus Adam and Kyle share what’s in their diaries – gigs, a trip to Australia, a talk at the PFS Festival of Financial Planning – and Sam has some thoughts on when mince pies should be allowed.
AI in this episode
We used Adobe Podcast’s Enhance tool to clean up audio levels and quality.
