Curious about stochastic modelling? We’ll tackle the questions evryone should ask about stochastic modelling.
Learning Objectives
In this session we cover…
- Deterministic and stochastic forecasting and their differences
- What are the underlying assumptions?
- Historic data versus future expectations
- Framing, anchoring and managing client expectations
- How does this fit into the financial planning process
- Do we need it?
If you’re starting out in paraplanning, this is for you. Our experts share their experiences and knowledge to help you work out your next step.
Learning objectives
In this session we covered…
- What’s the hiring market like right now?
- The trends
- The drivers
- What employers are looking for – the importance of both the right skills and right behaviours
- The challenges aspiring paraplanners face
- How you can increase your experience and set yourself up for success
- What’s the best way to approach a potential employer
- What to expect from the job
- What salary to expect
- The support available
John Bunker, consultant with Irwin Mitchell, freelance legal and tax trainer and in the process of writing the The Law Society’s Inheritance Tax Planning Handbook, takes us through some estate planning basics, focussing on the processes and procedures to be aware of.
Learning objectives
In this session we covered…
- Changes to the probate application process
- Major changes to the way applications are made for a grant of probate and the aims of HM Courts & Tribunals
- Service (HMCTS); Limits to applying online
- How much information is needed and recent changes Where applications are processed and the new Probate Registry.
- Estates and trusts: variations within 2 years of death
- Basics on using sections 142 (estates) and 144 (trusts), Inheritance Tax Act (IHTA) 1984.
- An introduction to IHT and CGT
- Potential use of variations for securing spouse exemptions and BPR/APR
- RNRB and planning through variations
- IHT process changes for the Covid-19 crisis
- IHT accounts: new procedures to adapt to the situation
- Payments (and repayments) of IHT electronically
- Help in paying IHT during the crisis
Having a robust strategy for vulnerable clients has always been important and in this session we discuss the key points. This was recorded during the pandemic.
Learning objectives
In this session we covered…
- Tools to ensure your approach is robust
- Help on how to evaluate your approach
- Putting in place any follow up measures
In this session we explore the practical implications of PROD for Paraplanners.
Learning objectives
In this session we covered…
- What’s the point of PROD?
- What are the rules, roles and responsibilities?
- Segmentation: What is it, what information do you need, what approaches can you take, what about model portfolios?
- Reporting: What and when? What’s the next thing you can do following this Howwow?
In July 2020, the FCA’s new platform rules came into force and in this session we seek to understand it better.
Learning objectives
In this session we covered…
- An overview of the key themes and trends from 2019
- What the new rules are about/mean and have to think about
- Due diligence top tips
- What to expect in 2020
- A live demo of the platform analyser
- What other bits of kit are out there and what we like/don’t like about them
Exploring everything paraplanners need to know about cash management.
Learning objectives
In this session we covered…
- Overview of the cash market
- What are challenger banks and what’s their impact been?
- Why advisers do and don’t advise on cash
- Some common planning scenarios
- What is Octopus cash, who uses it and why
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
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