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IFP sets out clear definitions for paraplanner qualification

The Institute of Financial Planning has produced a draft syllabus for the paraplanner qualification which it is launching in October.

The IFP says the qualification will be at QCF level four and assessed by a combination of exercises and multiple-choice questions in a two-hour online examination.

The draft syllabus will cover units such as personal taxation and tax fundamentals, preparing and maintaining the client file, preparing recommendations and implementing recommendations.

Education director Lucy Courtenay says: “We believe that the learning outcomes are really focused on the role of the paraplanner and that this is the first time that this role has been defined so clearly.

“The qualification tests the knowledge and skills that a paraplanner needs in order to perform effectively within a financial planning business. It also allows paraplanners to progress to higher-level qualifications such as the certified financial planner licence or advanced technical specialisms.”

Syndaxi Financial Planning principal Rob Reid sees paraplanners as essential to running an IFA business. He says: “I would not run a business without one. People trying to do all the work without a paraplanner are running a false economy.”


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