One of the issues to contemplate is the start of the conference season. One of the challenges is deciding what will provide most value.The professional organisations focus on raising the standards of advisers and providing better protection for consumers while encouraging them to save. Anybody can call themselves a financial planner, yet only a small percentage provide a comprehensive financial planning service. Many will offer elements of the process on their way to providing a product-based solution to their clients. Better protection comes from raising standards and adhering to them. It does not come solely from being part of a professional body and passing exams but it does come from combining exams and the practical application of the job. It comes from being part of a code of ethics and standards that have some teeth and, ultimately, it comes from businesses and individuals investing their own money to attend relevant courses, conferences and events that are hopefully going to improve the way they do business. Broadening perspectives is key to real development. Comprehensive financial planning is different and we are seeing the results that have been achieved by firms such as Grant Thornton and Park Row following the route to certified financial planner licensee and the change and reorganisation culminating in how they now do business and with whom. The goal with conferences has always seemed to be bigger is best. That is the right sort of event to enjoy networking sessions, quality workshops and real value added from the environment. Events such as Money Marketing Live provide an excellent forum to hear news and opinion. The IFP conference this year will fill the hotel and there will be 350 people there representing the top of the profession. There will be a real buzz and all delegates will take away tangible benefits, having enjoyed an excellent programme relevant to the theme of Making a Difference. They will also have spent time with a group of excellent people and will probably have had a great deal of fun. Delegates will pay to attend and be happy to do so. Smaller conferences allow us to look at key issues and get the most interaction with delegates. Here, we can learn from our international colleagues who run a series of smaller events over two to five days. We have seen the feedback in the UK to events such as George Kinder’s exceptional Seven Stages of Money two-day workshop. The professional bodies have a respon- sibility to deliver first-class events and programmes relevant to their audience. The adviser has to think about further investment in their development by being part of the most relevant professional body and achieving the most from their own professional development.
James Phillipps interviews the Pensions Policy Institute director who believes the PPI has an important role in assessing the pension debate independently of lobbyists who are just setting out their own cases and she says the media and some financial services figures are causing confusion for the public over pensions and need to get their facts right
I do not know about you but I have been on the receiving end of more grumbles from clients since the introduction of the new disclosure regime and the veritable forest of paperwork which accomp-anies each suitability letter.
Skipton Building Society has established the double asset bond 2, a product which combines a FTSE-100 linked guaranteed equity bond with a one-year fixed-rate savings account.
A medium risk equity fund will be the first product launched by Bank of Communications Schroder Fund Management Company.The new fund will be available to investors on August 26, holding 40 per cent in core defensive stocks, 30 per cent in cyclical growth stocks and 30 per cent in cash. It will also be allowed […]
After a flat year for European equities, in which the Artemis European Growth Fund outperformed, manager Philip Wolstencroft is (cautiously) optimistic about 2016.
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
The rise in IHT takings has prompted complaints around the new residence nil rate band’s impact
The Association of Investment Companies will not be hosting the new key information documents on its website saying to do so would be irresponsible. Since 1 January, Priips legislation has meant advisers have to publish a stand-alone, standardised KID to their client including performance scenarios, risks, and the total cost of products. However, trade bodies […]
The Financial Services Compensation Scheme has paid out £5.7m so far to nearly 800 customers of collapsed discretionary fund manager Strand Capital. The payments were made to 796 investors over the past two weeks. The payments related to client cash only. The compensation was paid directly into customers’ self-invested personal pensions. An administrator’s report published in […]