Caro

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Caro
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  • Hi 'Fair' is a very subjective term! We used the triage process to determine whether there was value for the client going down the full review and advice route, for which there would be a fee, not for deciding whether they should transfer or n…
  • I believe that one of the conditions of being on their panel putting it together was that you had to be in the first cohort which I think was due to start in October last year. There were a few members discussing it on the thread way back when, s…
  • Hi Grishm Welcome to Paraplanning and the the Big Tent. There are increasingly more resources available to new paraplanners and those just getting into the profession. The PFS booklet I've talked about above is hopefully helpful: https://ww…
  • Hi @Benjango Welcome to The Big Tent! There have been a couple of similar questions to this in the New to Paraplanning sectiion, hopefully the answers to those will give you a bit of a steer: https://thebigtent.paraplannerspowwow.co.uk/disc…
  • You are very welcome! There is also this now: https://www.ciistepforward.co.uk/resource/download/9 It has been put together by the PFS paraplanner panel, it will hopefully give you a little more useful information and support in getting starte…
  • Hello all There are still tickets available for this if anyone is in the Nottingham, Leicester and Lincoln areas. Should be a good afternoon, and we have plenty of goodies!
  • I was wondering exactly the same when I was doing mine on Saturday. Is there a great call for parachute packers?!
  • Hi Andy Welcome to paraplanning! I'm not London based but happy to share what I can. There are plenty of resources out there to help you get started and find out what paraplanning is all about. The PFS Paraplanner panel have recently start…
  • Could she take it under the small pots rule rather than transfer though? If it's only £800, for the hassle and cost of moving it, she may want to just draw it as a lump sum if she meets the required conditions. There could be tax on it but may still…
  • Hi Nathan - how old is the client, how far off 55 are they?
  • Hi Charlotte, I did the Financial Services Certificate a few years ago. The study areas and topics are similar to J02 but it seems to be different in language and tone to the CII books. I found reading over some of the past precedents were quite…
  • I agree with Ben, if there is pressure from high work loads or to get stuff out the door quickly you are going to struggle to maintain high levels of quality. That aside, my questions would be, with your checking team, are they checking all repor…
  • The Standard Life process is really good, we used that as a starting point for our DB review process.  Before we engage with a client and as part of the triage, we do a simple stress test just using an excel spreadsheet to establish the sustainabil…
  • These figures were updated last year, of the 36,000 PFS members:  58% are financial planners 11% are paraplanners 7% are in compliance 3% are product / service providers 2% are employee benefits consultants 2% are in research / technical …
  • Hey Elsa   our guys do loads of things over and above administration, they like the name Client Services.  What do the people who do the job think, have they got anything that they want to be called? 
  • Nowt by the looks of things!! 
  • I've just been on Cashcalc, I thought there used to be free bits but you seem to need a licence for it all now - I may just be a bit dense though! which bits are free?  
  • I think I am going to go but only for the second day. The first day doesn't start until late and there aren't any sessions on that I can't live without! I may come over the night before so I'm there early enough for the start of day 2 but not decide…
  • Hi jenny.ryan  thanks for the additional info. If there is going to be a summary document then I will wait to read that which may give more info.  I can see the hardwork and the passion that the committee have for the standard which I really think …
  • Your second question: 2. Questionning the validitiy of the assessors. This is ridiculous as far as I'm concerned. The people who will assess the applicants for the standards will be trained assessors as they are in all other industries. I w…
  • Hi Reece  There aren't particularly any members on this feed, the above points were really just my thoughts and questions so I'm happy to give you further clarification and respond to your points:  1. The fact that the role varies up and down the …
  • I think its a really good idea to collate info on the service that providers give, but should we be giving them awards and pats on the back for doing what they should be doing well as part of their day job anyway?! if it was exceptional above and be…
  • Hopes of the committee  - that 100% of Paraplanners undergo training and development to support their achievement of the Standard - that the Paraplanner role is recognised and consistently referenced worldwide - that the standard…
  • I'm going to be honest with you Jenny and say that has not really answered a lot of my questions, and actually just created a whole load more, sorry!  I have some major concerns and reservations about this and whilst I don't doubt the largely good …
  • That's fab,thanks Jenny, look forward to seeing it  
  • Hi Jenny, glad you enjoyed the Powwow, it was fab to meet you   I'm of the same opinion as Richard, I've listened to the webinars on it on playback, and unless I missed a bit, there didn't seem to be anything to comment on.  When you go on the Stan…
  • Hi Emma - is IHT an issue for them? If the key driver is retention of control rather than tax reasons, they could just invest the monies in say a collective investment fund on one of the platforms, designated for the children but still owned by the …
  • Hi Tim  If it is a new client, on the initial call to arrange the meeting, we get a little info but then we let them know that there will be a basic details questionnaire coming to them via email for them to complete and return so that we can prepa…
  • Is the IHT liability £120k or 40% of the £120k giving a liability of £48k? You may be able to find term assurance for 4 years, but if you are struggling with this you could look at a longer term and then cancelling (being mindful of any adviser fee …
  • mjeffs said: Hi Mark - career paraplanner since 1999 (I didnt think I was that old) I work for a large accountancy firm in Newcastle. Working towards chartered, as well as a management role within the firm itself. I've worked for large nationa…
    in Say hello! Comment by Caro April 2017