Welcome to the May 2018 issue of Professional Paraplanner
In a few days we head out for the first of 11 Technical Insight Seminars around the country, starting in Woodbury Park, Exeter. I’m looking forward to meeting faces familiar and new at our events. If you would like to come to Woodbury there are a couple of places left so get in contact with our events team at email@example.com.
You can find out more about the events on pages 14-15 of our May issue.
ALSO in this issue of the magazine:
Rebecca Lucas talks to Rob Kingsbury about setting up outsourced firm Lime Paraplanning, and the challenges she has faced over the past five years
The benefits and drawbacks of using Business Relief in inheritance tax planning
Tax and VCTs
Five top tips to consider when choosing a VCT
Cathi Harrison, managing director of Para-Sols set up her new company Apricity to change the way compliance support is delivered for advisers and paraplanners, she tells Rob Kingsbury
Five Minutes with…
For this issue’s Q&A we talked to Martin Tilley, director of Technical Services for Dentons Pensions
In a first in a series of articles into back-office and CRM software, Sara Row, senior solutions consultant, IRESS, explores some of the capability of XPLAN
AND for those of you taking exams over the summer
Training, Development and Qualifications
Test your knowledge in preparation for this summer’s CII exams.
Our Paraplanner profile this issue is Grahame Hopper, chartered financial planner at VWM Wealth, who tells how taking time out to travel helped him to realise the job he wanted and scoop the PFS Paraplanner of the Year award.
For our Technical, Development and Qualifications article we look at why RO3 is considered a difficult exam and how to study for it.
You can test your knowledge in preparation for upcoming exams using our regular quiz.
5 minutes with…Rory Percival
Attendees at our Technical Insight Seminars this year will hear from a range of speakers. Rory Percival is one of them. We asked him about his views on paraplanners, professionalism, file review and suitability.
We have two articles for you this issue, the first is an 8-point guide for when investing in property via a SIPP, while the second looks at how parents can help their children buy a property by using their SIPP and without incurring a large tax bill.
If you’re interested in AI and developments around it then you’ll want to read the article written by Richard Lightbound of ROBO Global, who delves into robotics, automation, and artificial intelligence as one of today’s most compelling investment opportunities.
You’ll find all this and more inside
Our Spring editions get under way with a Paraplanner Profile on Team Building.
In this issue’s Paraplanner Profile, Jonny Stubbs, head of Technical Support at LIFT-Financial, explains how he was brought in by the firm to build its paraplanning team, and talks about his role and his vision for the team
TDQ: Your route to Chartered
Catriona Standingford uses a case study to illustrate a potential route through, what can be, a complicated landscape
Paraplanners tell how they manage relationships with multiple advisers
Dan Atkinson looks at how we define clients’ relationship with money and just where it sits in their financial plans
Should structured products be considered mainstream investments? Ian Lowes thinks they have proved their worth
High yield bonds
We asked a perhaps not-so-simple question: What’s the outlook for bonds?
The Walking Dead
We’ve entered a new world where it’s will all about assessing risk and more focused investment strategies, says Rathbone’s David Coombs
TDQ: Test your Knowledge
We continue our training development and qualifications series with another 10 questions as part of your exam prep.
Our first issue of 2018 provides a wide range of topics for you.
We have an extended Paraplanner Profile this issue. Elsa Ordonez Garcia, paraplanner with Mazars, tells Rob Kingsbury why she believes paraplanners have the power and ability to shape and develop the paraplanning profession.
AND, Rob also attended a meeting of the Mazars paraplanning team, to learn how they work together.
NEW SERIES: Test your knowledge
From this issue we are pleased to start a new series TDQ (training, development and qualifications) in which we team up with key support providers, to provide you with the very best in training, development and qualification support.
Stepping stone to advice?
Have you ever considered becoming an adviser? Jamie Doughty, paraplanning team leader, Sanlam, says making that progression isn’t always as easy as it seems.
Paraplanners discuss their involvement in client meetings and what impact it has on the way they work.
Five minutes with… Brooks Macdonald’s director of Business Development, Andrew Denham-Davis answers our questions.
• The risks and challenges of income drawdown
• Ensuring SIPP commercial property has the right protection
• Why asset managers need to stop building complex solutions to solve basic problems
• Is China heading for a hard landing or should investors be more optimistic?
Welcome to the December issue of Professional Paraplanner for 2017 – our final issue for this year.
We have a cracker of an issue for you.
CLICK HERE to read
Rob Kingsbury talked to Kirsty Stone, CISI Paraplanner of the Year 2017, about being a Law graduate, volunteering for Citizens Advice Bureau, working at Pension Wise and becoming senior paraplanner at Dart Capital.
While the CII is the route most people take to achieve their industry qualifications, one paraplanner explains why going down a different path has better suited him.
Dan Atkinson, head of Technical at EQ Investors, challenges preconceptions on how to deal with the Lifetime Allowance limit
From admin to paraplanning
Elizabeth Harrison, paraplanner with 1825, tells how she moved from administrator to paraplanner and what tips and advice she has for others looking to do the same
A festive look at the 12 days of Christmas from both personal and professional perspectives
Connected party transactions
HMRC has a keen interest in connected party transactions in a SIPP or SSAS, so evidence is the watchword
Bonds & the Finance Bill
A look at two legislative changes in the Finance Bill 2017-19, which affect taxation of withdrawals from life assurance policies and permissible linked assets
Is a Bear market ahead of us?
Simon Evan-Cook, senior investment manager, Premier Multi-Asset Funds takes a view using the 2007 ‘experience’
Find out more about our Technical Insight Seminars programme for 2018, as we look to deliver 11 events for you around the country.
In this issue of Professional Paraplanner
A paraplanner abroad
Rob Kingsbury talks to Keith Boyes, paraplanner with St James’s Place, who moved from Edinburgh to Hong Kong, discussing why he decided to make the move, the differences in paraplanning in Asia and the ex-pat lifestyle. You’ll be packing your bags before you’ve read the end of the article.
Jo Hague talks about Professional Development and the resources available through the CISI
The dreaded question
Kim Bendall, director of The Paraplanners, says there is one question she dreads being asked but reflecting on it reveals the changing face of paraplanning
Ways to maximise tax-free savings allowances in retirement using a mixed wrapper tax strategy
FCA annuity comparator
While laudable, the FCA’s annuity comparator tool will mean a significant change to the annuity buying process and has obvious flaws
Digging deeper into the process for getting the right insight into DFMs
Disruptor or disrupted?
Darius McDermott, managing director of Chelsea Financial services, looks at how investors can best identify with the winners in a constantly evolving market
Jacqueline Lockie, deputy head of Financial Planning, CISI discovers a behavioural science link between the BBC’s Strictly Come Dancing and the role of paraplanners
Welcome to another issue of Professional Paraplanner packed with great content.
For this issue’s Paraplanner Profile Rob Kingsbury talks to Para-Sols MD Cathi Harrison about how she is building the outsourced paraplanning business and why she is setting up new compliance company Apricity.
See the accompanying video on our website in which Cathi talks about whether she would recommend other paraplanners set up their own businesses
Also in this issue:
You tell us where you think the pinch points are in the DB Transfers process
Rob Kingsbury reports on this year’s national Powwow, which covered area such as suitability report writing and tips for best practice in the working day
EQ Investor’s Dan Atkinson examines the question of how we assess the success of a portfolio when measured against non-percentage return goals
How clients can best invest in terms of investment selection and tax wrappers for healthy finances in retirement
How does an investment committee work?
The structure and role of the investment committee and insight into how Architas’ own committee operates
IN THIS ISSUE:
Caroline Stuart tells Rob Kingsbury what her role as head of Technical Solutions at DB Wood entails, how she thinks paraplanning will progress as a profession, and why she is the host at this year’s national Paraplanners’ Powwow
Day in the Life of…
Ever wondered how an investment analyst at an asset manager spends their day – Benoit Labeyrie, Europena equities analyst at Architas spills the beans.
Ask who your vulnerable retirement clients are and you may be surprised by the answer
DFM due diligence
A look at processes that can help paraplanners improve due diligence on their discretionary fund manager partners
Preparing for MiFID II
The implications for advisory firms of MiFID II and three ways to minimise its impact
How UK investment bonds can be used to achieve tax efficient growth
Plus we highlight some top tips on Suitability Report Writing from the recent Howwow seminar
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