Long term care and what paraplanners should know about it
Learning Objectives
During the session we covered…
- Appreciating the divide between health and social care
- Recognising how care needs and financial assessments work
- The privately funded options for care funding
- Evaluating the issues of possible deliberate deprivation of assets
Long term care and what paraplanners should know about it
Learning Objectives
During the session we covered…
- Assessing the size and potential for advice in the care market
- Analysing the longevity and demographic issues in the UK
- Evaluating the government proposals for dealing with health and social care
A back to the basics on inflation and what it means for paraplanners.
Learning objectives
During the session we covered….
- What is inflation?
- What is it made up of?
- Why has it gone up so much, so fast?
- What do we think will happen in the future?
- How it affects assumptions and cash flow planning
An exploration of the factors paraplanners should consider when planning for couples.
Learning objective
During the session we covered…
- Examples from other professions on working with couples
- An overview of the new Consumer Duty rules (currently in consultation)
- Why it’s important you know who you are working with and how to know
- Considerations around partners who are passive in financial decision making
- Where gender bias can play into risk discussions The dynamics introduced age, longevity, divorce and same sex partnerships and marriage
A large number of clients have an objective to pass their wealth on to the next generation or generations. We explore the issues paraplanners should be thinking of when creating a suitable strategy.
Learning objectives
During the session we covered…
- Gifting during life vs gifts made after death
- Access and control
- Using the right tax wrappers
- Trusts Investment strategies
Retirement income has become a hot topic of conversation amongst clients, firms and the regulator, with much of the focus being on defined benefit advice.
Whilst there is little doubt that many of the principles outlined in recent guidance should be part of any retirement advice framework, in this session we look at the real world application, taking into account client behaviour and understanding.
Learning objectives
In this session we covered…
- What should paraplanners take from recent FCA guidance?
- Will DB principles be coming to the DC world?
- How to ensure good client outcomes
- What does a robust retirement advice framework look like?
Join our paraplanning panel as they discuss how they approach cash flow planning.
Learning Objectives
In this session we covered…
- We’ll be using CashCalc and Voyant again
- We’ll do a deeper dive into hows to start building a cash flow (bring your armbands)
- We will also look at scenario planning, assumptions, problem solving and capacity for loss in more detail
- And like always, you can ask questions and share tips with fellow paraplanners
A team of paraplanners and an expert dissect a case study looking at pensions and divorce.
Learning objectives
In this session we covered….
- Where to start with divorce cases
- The options for dealing with pensions
- Dealing with other assets
- Working out a suitable solution for both parties
- What other financial actions should be looked at
A session dedicated to cash flow modelling. Questions are of all levels are put to the panel as they share how they approach this topic.
Learning objectives
In this session we covered…
- What’s cash flow modelling all about and why you should be doing it
- The benefits for paraplanners
- The benefits for clients
- Best practice and top tips
- Live software demos
If you’ve just started trying to get your head around CRPs, or are some way along the journey of implementing one, then this is for you.
Learning Objectives
In this session we covered…
- Recap on CRP v CIP and how they are used
- What are the important trends and developments in CRPs from NextWealth’s report and what do they mean for paraplanners?
- What impact has COVID had on adoption and use of CRPs?
- Cash buffers/bucket/layering and the alternative options
- Sequencing risk – what was it like to experience real volatility?
- Withdrawal strategies
- Tools and software that paraplanners and advisers are using
- Client segmentation and regulatory update (hello PROD)
- Legacy and later life planning as part of a CRP
- Practical experience and tips