Advisers have no problem demonstrating their technical proficiency to clients. The requirement to be level four qualified, with many advisers going beyond this to become chartered, is proof they have achieved a certain level of knowledge and understanding. But when it comes to soft skills there are no formal training requirements or minimum standards for […]
Originality is a tricky trait to balance. As a columnist, I need to be original in order to captivate your attention as a reader. As a financial planner and wealth manager, originality is a potentially risky behaviour to display, especially if it results in making a recommendation to invest in an esoteric offshore fund. I need […]
Scottish Widows is to move its pension customers en masse to a new default fund that assumes they will go into drawdown or remain invested into retirement. The provider says just a quarter of its customers have purchased annuities since the pension freedoms came into force, rendering its default lifestyle strategy out of step with […]
By Jim Grant, Senior Product Insight & Technical Support Analyst 6 April 2016 brought in changes to employer duties for directors and partners in limited liability partnerships. Here we explain exactly what’s changed. Before 6 April 2016… Directors of limited liability companies where there were no other directors or employees were exempt from the employer […]
This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. The topics in this guide include: the letters you need to send out; what to send and when; the importance of employee engagement; and what to consider as additional communication.
Two thousand clients of discretionary fund manager Beaufort Securities are yet to be refunded close to a year on from its closure to new business. Confirming it is still working on around 2,000 cases, the Financial Services Compensation Scheme says 3,000 of a total 17,500 retail clients affected will be given a “large part” of their […]
Aegon has appointed ex-Fidelity strategy head Ed Dymott (pictured) to the newly created role of managing director for transformation, innovation and growth. Aegon says Dymott will be responsible for strategic planning and ensuring the business is well placed to capitalise on changes in adviser and customer needs. This will involve analysis of industry developments including the latest […]
With so many different expectations, this simple document can provide a snapshot of the type of paraplanner behind the CV I am finding paraplanners and their employers are starting to get more and more divided, as neither really understands what the other does for them. On the one hand, I am speaking to business owners who […]