Richard Allum and Paradigm Norton’s Dan Atkinson get to grips with the topic of planning assumptions.

For what seemed like AGES, low interest rates and low inflation rates gave the impression that the factors affecting a client’s future were pretty predictable.

But more recently, roller-coaster interest and inflation rates, combined with pandemics and wars, could leave you thinking that the future is altogether more unpredictable.

But is it?

Assumptions that are fit for purpose

During this online Assembly, Dan and Richard explored ways to think about planning assumptions in future.

They considered the kind of indicators you can use to form a set of assumptions with the durability to withstand those periodic headwinds sparked by social, economic and environmental events – the kind that have dominated our lives lately.

Of course investments are important but healthspans, death, inflation, spending, retirement, care and more have the potential to feature.

And then there are clients with specific outcomes in mind to add to the mix – for instance, meeting school fees, saving to offset childrens’ university tuition fees or deposits for their first homes.

Don’t miss out

Tune in and you’ll discover you’re in good company. Not only is Dan responsible for Paradigm Norton’s financial planning assumptions, he also owns a crystal ball (he actually does) so – one way or another – he’ll have all bases covered.

Listen now
Twitter

By loading the tweet, you agree to Twitter's privacy policy.
Learn more

Load tweet

Video cover reads 'Investing for businesses these days. Recorded on 16 August 2023. Featuring Les Cameron of M&G Wealth.'

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?

Twitter

By loading the tweet, you agree to Twitter's privacy policy.
Learn more

Load tweet

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:  

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:

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.

Les Cameron of M&G Wealth joined us to explore what the Budget in March 2023 meant for paraplanners, financial planners and clients.

Over the course of a lunch hour, as well as fielding questions from paraplanners in the chat, Les talked through the key financial planning questions of the Chancellor of the Exchequer’s statement.

In particular, Les tackled the changes to lifetime and and annual allowances and their consequences.

Scroll down to view the video replay or listen instead via our podcast.

Twitter

By loading the tweet, you agree to Twitter's privacy policy.
Learn more

Load tweet

Planning for small and medium size businesses can often feature in a paraplanner’s role. But guess what? We don’t think we’d ever explored the issues that affect small businesses – and the people who run them – in an Assembly.

So we decided to fix that. And to help us navigate the topic, we were joined by Les Cameron from M&G Wealth.

Whether you already have experience in this area or are new to it we’re confident that this Assembly will be right up your street. Over the course of an hour, we expect to cover:

From now on, there’s no need to visit Crowdcast to save your spot at an online Assembly. Just tap ‘Book event’ and follow the step-by-step instructions.

Broken link or duff information?
If something’s not quite right on this page, please tell us what you spotted now at our bug list.

For the first time in three years paraplanners from all over the country were able to gather for real for the Paraplanners Assembly’s Big Day Out at FarmED near Chipping Norton in Oxfordshire on 15 September 2022.

Learning objectives

We opted for a blend of small group sessions – which we called Crop Rotations – and all-together sessions.

Crop rotations: Morning

For the pre-lunch sessions, we split the Assembly into three groups: Barley, Oats and Wheat.

Participants were assigned to a group and each group rotated around the three topic sessions. Conversations in each topic session were facilitated by hosts and experts. Each session lasted for 45 minutes. The topic session for rotations 1, 2 and 3 were:

What will consumer duty mean to you?

Experts: the lang cat’s Mike Barrett and Mel Holman from CATS.

The art of challenging conversations

Expert: Becca Timmins from Time to Think and Emery Little led a session on challenging conversations.

Pep up your paraplanning processes

Experts: LIFT Financial’s Jonny Stubbs and Chris Baigent-Reed from Jigsaw Tree.

After lunch, participants were assigned to a NEW group: Apples, Cherries, Pears or Plums.

That’s because we combined two groups for the session on report writing but – by the miracle of organisation – ensured each group gets a technical Q&A all to itself. So the topics for rotations 4 and 5 were:

Technical Q&A

Panellists: Les Cameron and Neil MacLeod from M&G Wealth, and Transact’s Brian Radbone and Barnett Waddingham’s James Jones-Tinsley.

Three things that get in the way of clear, compliant and client-friendly report writing

Experts: Melissa Kidd of Motem with Mel Holman from CATS.

Broken link or duff information?
If something’s not quite right on this page, please tell us what you spotted now at our bug list.

Long term care and what paraplanners should know about it

Learning objectives

During the session we covered…

Long term care and what paraplanners should know about it

Learning Objectives

During the session we covered…