The team from Transact recently joined us to record a series of fantastic 5-10 minute audio treats. We hope you enjoy them.
Have you ever wondered what goes on behind the scenes when you place a trade on a platform? In this bite-sized Paraplanners’ Assembly Transact’s head of distribution, Glen Sweet, does just that.
In just FIVE minutes, Glen tells host, Richard Allum, all about trading points, settlement periods (including the difference between settlement of equities and funds), reconciliations, execution prices, trading windows…you get the idea.
When you consider the intro takes about 60 seconds it’s AMAZING how much insight and knowledge Glen packs in to his remaining 4 minutes and 23 seconds.
So if you’ve ever wanted to lift the lid on the workings of a platform, tune in to this episode for insights galore!
Ever-popular Assembly regular, Les Cameron of M&G Wealth, joined us to answer the question ‘What’s going on with the lifetime allowance?’
Why? Because in his Budget statement to the House of Commons earlier this year, the Chancellor of the Exchequer, Jeremy Hunt, announced the removal of the amount you could hold in pension savings before becoming liable for tax.
And that’s quite the change. Because it’s not all that long since Hunt’s predecessors stood accused of levying ‘stealth taxes’ by freezing the LTA at to £1,073,100 – potentially exposing an influx of pension savers to tax liabilities thanks to the effect of inflation.
So with proposed legislation removing the LTA and introducing a rise in the annual allowance, doesn’t the future look rosey for pension savers and their pots?
Or do other proposed measures – like setting a limit of £268,275 on tax-free lump sums – muddy the waters a bit?
Well, that’s where Les came in. Because over the lunch-hour session he:
- recapped the saga of the lifetime allowance so far
- explained the changes that the government has proposed
- explored what’s already happened (and what’s still left to happen); and
- considered what it all means for paraplanners working on retirement planning cases for clients.
Be honest. This stuff is like catnip to a paraplanner isn’t it?
If you’re a paraplanner who lives or works in striking distance of central London, then The Other London Assembly from 10am on Friday 20 October 2023 will be right up your street.
Hosted by Dan Atkinson and Andy Schleider, this is your chance to gather with paraplanners from your neck of the woods to learn what’s going on in each other’s worlds, share ideas, and discover practical tips and illuminating insights.
Book your spot and you’ll be able to shape the agenda for the two-hour get-together but – right now – we expect paraplanners taking part to exchange ideas on report writing and, now that the consumer duty is a feature of daily life, explore how we’re demonstrating ‘fair value’ in annual reviews.
Plus, the chance to tackle any other paraplanning topic that’s on your mind when we gather at the London Wall Place office of Barnett Waddingham.
From our very first meeting in 2013, the Paraplanners’ Assembly has created gatherings – in person and online and all over the UK – that spark collaboration and conversation.
Expect the same from The Other London Assembly.
After all, Assemblies only happen because paraplanners show up. You’ll feel you belong at The Other London Assembly because The Other London Assembly belongs to you.
So how about it? Book your spot now.
Join us at 1pm on 27 September for a lunch-hour Assembly when we’ll be exploring the topic of capacity for loss.
We’ll be asking what it is, what it isn’t, and why it should be a paraplanner’s BFF* (if it isn’t already).
To do it, we’ll be joined by the Assembly’s own BFF, Patrick Ingram from Parmenion. In just 60 minutes, we expect to cover some really interesting issues including:
Capacity for loss and attitude to risk. What’s the difference?
Even though the combination of a client’s capacity for loss and their attitude to risk are significant factors when you’re working on a case, Patrick will show why both ideas are so different – and what that means for clients.
Get busy with client balance sheets
We’ll dig into ideas like ‘client balance sheet’ and ‘wealth ratios’ and explore how they offer both strategic and practical ways to settle on an investment approach that fits their financial position.
We’ll explore the idea of a ‘safety margin’. What is it? And how does the idea help insulate clients from financial risks while still allowing them the flexibility to adapt their strategy through life’s ups and downs?
When capacity for loss is such a significant feature of the day job, this a great chance to catch up with the latest thinking.
Fancy coming along? Then tap the ‘Save my spot’ button now.
*BFF = best friend forever
There are times when we’re recording an online Assembly or bitesize video or dedicated podcast episode and we just think OMG EVERYONE IS GOING TO ABSOLUTELY LOVE THIS.
And that’s the case with this interview with consultant and founding director of About Consulting Group, Jon Dunckley.
Because this podcast is all about neurodiversity.
(Its origins lie in this comment by Planner12 posted at The Big Tent last year.)
And, as Jon (who is autistic) says very early on in the episode, neurodiversity matters to me, you and everyone.
After all, we each have a way of thinking that’s unique to us. We all occupy our place in a neurodiverse world.
But if the way we think is plotted on a spectrum, most of us would be considered ‘neurotypical’.
Yet plenty of us – at least 1 in 10 in the UK – function, learn and process information differently from the neurotypical.
Neurodifference and work
We may be neurodifferent but, despite thinking differently, we’re expected to adapt and succeed in a world that’s geared towards neurotypical people.
And that’s why we thought Planner12’s question – and the thread that their comment sparked – was such a great starting point to consider neurodiversity and its consequences personally and professionally whether we’re neurodivergent or neurotypical.
Because even if we’re not neurodifferent ourselves, people we work with will be. Either way, what do we need to consider about day-to-day working life so we each get the chance to thrive, contribute and gain fulfilment from work?
What do we mean by neurodifferent? What conditions are considered neurodifferent? If you’re neurodifferent, do you mention it to your employer? Do you need a diagnosis? What’s your approach to studying and sitting exams? How should you adapt your leadership style for a range of neurodifferent conditions? And how does your condition influence the way you manage your team?
Invaluable insights and practical tips
In just under an hour, host Richard Allum and Jon explore just about everything you could possibly want to cover.
Expect talk of autism, ADHD, dyspraxia, dyscalculia, dyslexia and dysgraphia. Learn about TIC syndrome, the ‘Pygmalion effect’, why people with ‘spiky profiles’ are good for business. Plus why job adverts should (a) encourage applicants with spiky profiles and (b) be really clear about what a job will actually involve.
And there’s so much more.
In fact, this is an area we’re going to explore more – and not leave it too long before we do. So if you think of anything that the Assembly could explore once you’ve listened please get in touch and tell us what you think.
Now, tuck in to this latest episode. We think you’re going to love it.
Listen to the Assembly
A few of links mentioned by Jon during the episode
British Dyslexia Association: Dyslexia-friendly style guide
The Neurodiverse Workplace by Victoria Honeybourne
Think Human Business Writing course
BTS podcast: Neurodiversity and studying for regulated exams
PFS Power: Working with vulnerable clients
Cornell note-taking system (YouTube video)
Online Assembly: Design principles for reports
Host Richard Allum was joined by experts Rachel Geary and Murray Smith from Barnett Waddingham for a lunch-hour session exploring what clients need to know if they want to invest in property as part of their pension
Together, they covered the technical, regulatory and legal issues that influence pensions and property, and served up really valuable insights along the way.
Among the topics covered were:
- Why buy a commercial property with a pension?
- SIPP vs SSAS. What, why and when?
- Rules about property in a pension
- Technical and legal things to know about investing in commercial property with a pension
- FAQs. Which things crop up time and again?
- What can go wrong – and how to avoid it happening
Popular Assembly regular, Les Cameron of M&G Wealth, joined us in something of a follow-up to last November’s online Assembly on financial planning essentials for small businesses.
As you’ll know if you tuned into that Assembly, there are already plenty of reasons for business-owning clients to consider investing surplus profits rather than, for instance, taking them as income.
But April’s 6p rise in corporation tax could add impetus to business owners interest in weighing up their options.
Yet there’s so much uncertainty around these days – even about once relatively dependable vehicles like bonds – so what strategies should you be considering for clients with businesses?
During this lunch-hour online Assembly, Les explored investment options, discuss tax treatments and tackle the topic of demonstrating suitability.
So if you have clients with businesses – or run a business yourself – why not tune in?
This was the third in our three-part series of It’s all kicking off in the world of retirement income planning Assemblies exploring the new practicalities of retirement income planning – a series made possible with the support of our friends at Just.
In the first Assembly, we looked back at the events that changed the world of retirement income and what the consequences of this change means for paraplanners, advisers and clients.
In our second, we considered the practicalities of researching, creating and executing a plan for clients.
In the third and final part of the series, we explored three case studies – each allowing us to consider the suitability of different strategies to meet the ambitions for retirement income of each client. To help, we were joined by Karl Steadman from Just.
Naturally, we also considered how the Consumer Duty affects the choices available too.
CPD and resources
Scroll down to see links to resources mentioned during the event plus a video replay and podcast episode link.
You’ll also see that we’ve published a link to a CPD survey. Once you complete the survey, a CPD record of your attendance will be emailed to you automatically.
Catch up with parts one and two
If you missed the first two Assemblies in the series, pop over to the Why is it all kicking off in the world of retirement income planning? (Part 1) and Getting real: the new practicalities of retirement income planning (Part 2) where you’ll find a video replay and podcast episode link plus links mentioned during the event.
Join us online at 1pm on 1 June 2023 for the second in our series of It’s all kicking off in the world of retirement income planning Assemblies exploring the new practicalities of retirement income planning – a series made possible with the support of our friends at Just.
In our first Assembly, we asked why it’s all kicking off in the world of retirement income and considered events that have prompted paraplanners to consider an expanding range of strategies to help clients achieve their retirement income goals.
In this Assembly we’ll be getting real by digging into the paraplanning practicalities. During the lunch hour session we expect to cover:
- what the research says
- using forecasting software to consider annuities and secure lifetime income
- looking at modelling examples
- what it all means for assets under management and client risk profiles
- how it works on a platform
To help, we’ll be joined by guests Jean-Paul Grenade and Karl Steadman from Just.
CPD and resources
Following this Assembly we’ll publish links to resources mentioned during the event on this page plus a video replay and podcast episode link,
We’ll also publish a link to a survey. Once you complete the survey, a CPD record of your attendance will be emailed to you automatically.
Book the final session in the series now
In the third and final part of the series – you can book your spot here now – we’ll be gathering online at 1pm on 8 June 2023 to explore three case studies. Each case will allow us to consider the suitability of different strategies to meet the ambitions for retirement income of each client. Naturally, we’ll be considering how the Consumer Duty affects the choices available too.
Watch part one
If you missed the first Assembly in the series, pop over to the event page – visit Why is it all kicking off in the world of retirement income planning? – where you’ll find a video replay and podcast episode link plus links mentioned during the event.
Years of stability in the retirement income planning world changed abruptly on 23 September 2022 when former Chancellor of the Exchequer, Kwasi Kwarteng, presented his ‘mini budget’.
Ever since, uncertainty about rising interest rates, anxieties about inflation, and even worries over the stability of pension funds themselves, have led paraplanners to rethink how clients can achieve the outcome they want from their financial plan.
One consequence of all this? Secure lifetime income has become a thing. And annuities are back in fashion.
What’s more, the demands of the consumer duty means more and more firms are kicking the tyres of their centralised retirement propositions to test suitability – or are setting one up for the first time.
In other words IT’S ALL KICKING OFF IN THE WORLD OF RETIREMENT INCOME PLANNING. And in the eye of the storm (because it does feel a bit like that doesn’t it?) there are paraplanners.
So how are we supposed to make sense of it all? What do we need to know? And what should we be doing about it? (And – while we’re talking about it – how DOES an annuity work?)
It’s all kicking off in the world of retirement: a series of online Assemblies with Just
Working with our friends at Just, we’re hosting a series of three online Assemblies to help you understand where we are, how we got here and – by combining case studies and practical tips – give you the knowledge you need to navigate what’s ahead.
1pm on 25 May 2023: Why is it all kicking off in the world of retirement?
In this first session in the series, we were joined by Karl Steadman from Just to explore what’s changed in the world of retirement income planning and what it means to paraplanners. During the Assembly we covered:
- what’s happened in the economy and markets
- why things won’t be the same again
- what it all means
- income stability and sustainability
- what is an annuity
- assessing attitude to risk
Save your spot at the second and third Assemblies in this series
The second Assembly in this series – ‘Getting real: the new practicalities of retirement income planning’ – is taking place at 1pm on 1 June. For more info and to save your spot now visit the event page now.
Join us online for the third and final Assembly – called ‘The realities of retirement income: clients, case studies and consumer duty’ – which starts at 1pm on 8 June. Grab your spot and get more info here.