A discussion about the challenges of managing a paraplanning team remotely. This was recorded during the pandemic.
Learning objectives
In this session we covered…
- How to adopt and maintain a positive mindset in order to lead and manage successfully (it’s crucial for you to look after yourself first and foremost) looking at your circle of control and resilience
- How to engage and communicate with your teams
- How you can equip yourself with the tools, skills and confidence to be the best possible leader
- How to capture the positives and key lessons from this experience, which will enhance the way you work as a leader with your team in the future.
DFM due diligence is a core task for many paraplanners and we explore that task here.
Learning objectives
In this session we covered…
- FCA and regulatory expectations
- Agent as client and the implications
- The difference between “research” and “due diligence” – and why it matters
- The various types of DFM service
- How these fit different PROD customer segments
- Establishing what’s important to the adviser and the client, and the questions you should ask
- Undertaking DFM due diligence
- The DD|hub approach Evidencing assessments and ongoing review under PROD
Ever wondered what goes on behind the scenes at FOS and how it affects you and your role? We’re joined by FOS veteran, Chris Wells who now runs his own consultancy IFAs Included, to make sense of it all.
Learning objectives
In this session we covered…
- Learning points from FOS decisions
- Client and FOS friendly versus compliance and FCA friendly
- The importance of soft facts in a file and suitability report
- Challenging advisers where there’s insufficient soft facts for the paraplanner to do their job well
- Why next of kin often complain to FOS
Ever wondered what goes on behind the scenes at FOS and how it affects you and your role? We’re joined by FOS veteran, Chris Wells who now runs his own consultancy IFAs Included, to make sense of it all.
Learning objectives
In this session we covered…
- Learning points from FOS decisions
- Client and FOS friendly versus compliance and FCA friendly
- The importance of soft facts in a file and suitability report
- Challenging advisers where there’s insufficient soft facts for the paraplanner to do their job well
- Why next of kin often complain to FOS
FE Analytics is one of the most popular tools in the paraplanning community, so we are happy to be joined one of the FE team to explore some of its features.
Learning objectives
In this session we covered…
- How to build a portfolio
- The importance of setting portfolio weighting dates
- Aligning portfolio asset mix to suggested allocation
- Representing cash in analysis and portfolios
- Ex-ante costs and charges calculator
- Account admin
For paraplanners who are want to build an intermediate knowledge of investment bonds and how they work.
Learning objectives
In this session we covered…
- Part surrenders vs full surrenders
- Tax due dates
- Combining part and full surrenders
- Policy years and tax years
- Deficiency relief
- Loss of personal allowance
- Recent Court rulings on ‘disproportionate’ cases
- Personal portfolio bonds
- Assignments
- Loans
Explore the latest financial planning issues that paraplanners should be considering with regards to later life planning. We’ll also share some of the useful resources the Powwow community have uncovered on care fees planning and support.
Learning objectives
In this session we covered…
- Later life planning
- Useful resources
The ins and outs of investment research
Learning objectives
In this session we covered…
- How to read a long scan from FE Analytics. We’ve all looked at them but what does it all mean and what can we do with it?
- How to research a fund
- How to start building an investment policy statement
A review of the different approaches taken by platforms to showing charges
Learning objectives
In this session we covered…
- The key points from the lang cat research of what the main platforms are doing – which you can read here (and we really recommend you read it before the Howwow)
- Discuss the level of control for adviser/paraplanner to determine when statements are run and sent
- What content is in them and how is it presented (we’ll be looking at some real examples)
- What happens if a client has assets on different platforms
- Impact on client relationships
- What the press are likely to say about it
A deep dive into the suitability requirements introduced by MiFID II
Learning objectives
In this session we covered…
- Changes in the nature and timing of suitability reports
- When they’re needed (not just with a new product)
- Periodic assessment of suitability
- Replacement business and costs
- Client understanding vs risk warnings
- Use of appendices and enclosures