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
Develop a deeper understanding Centralised Retirement Propositions (CRPs).
Learning objectives
In this session we covered…
- What is a CRP – is it a CIP with a different name?
- Who is it right for?
- Building a process and strategy
- Tools and stress testing
- Reviews
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
Cash flow planning from a paraplanner’s perspective.
Learning objectives
In this session we covered…
- How to research and do due diligence on a tool
- How to review it’s continued suitability
- Different tools and their uses
- Things that can go wrong
- What the FCA think
Looking at DB transfers in light of the recent FCA Policy Statement PS18/6 and Consultation Paper CP18/7. We talk through the application of these papers and their potential to improve the quality of pension transfer advice to clients.
Learning objectives
In this session we covered…
- Is the new Appropriate Pensions Transfer Analysis with the Transfer Value Comparator an improvement over the current TVAS?
- Would the development of a standardised data request to trustees from advisers be a helpful development?
- Contingent charging
- Investment risk vs transfer risk
- The FCA’s investigation into unsuitable pension transfer advice
A deep dive on risk profiling
Learning objectives
In this session we covered…
- The concerns about risk profiling that the FCA have flagged twice this year. What are firms still getting wrong?
- What are the main findings from Rory’s recent research paper into risk profiling tools