The Personal Finance Society (PFS) Paraplanning Panel has published a new guide to support the professional body’s members in writing suitability reports.
The guide offers best practice guidance around what to include in a suitability report, so that clients are equipped to make well informed decisions.
Produced by Alan Gow, Laura Royle, and Philip Greenwood of the PFS Paraplanning Panel, alongside Melissa Kidd, director of Motem Ltd, the guide covers all areas of suitability report writing. These include language and tone, structure, risk profile, potential disadvantages, investment strategy, and performance comparison.
The guidance features examples of good and bad practice, SMART objectives (specific, measurable, achievable, relevant, and timebound), and top tips, as well as accessibility resources to accommodate clients with different needs.
Co-author, Laura Royle, said: “The guide goes back to basics to provide practical guidance for writing suitability reports. The aim is to help paraplanners write clear and concise reports that are compliant, inclusive, and engaging – reports that clients will want to read.”
The guide can be downloaded HERE.
