Posted Mar 25, 2014
In this update we cover: CPD, workplace pension online course, new free workplace pension resource from Panacea Adviser and our consumer information presentation on the financial advice process.
1. Compulsory CPD: you might as well make the most of it.
As it’s got to be done, it might as well be something to look forward to, learn form and use to make your business more profitable.
If making the business more profitable is not floating your boat then consider these things:
To make things more exciting you could run CPD competitions and to make things more efficient you could use the online study and recording tools. Wizard Learning has thought of this and provides the perfect environment for making the most of your CPD requirements.
Wizard Learning’s CPD system has been accredited by the Institute of Financial Services and is based on the Regulated Financial Planning Diploma syllabi to meet the standards and requirements of the Financial Conduct Authority.
Workplace pension reform online course
Free resource from Panacea Adviser
This free resource also includes all the latest news on auto-enrolment, legal requirements and a whole raft of useful links see here for details.
3. Introduction to the financial advice process
Seeking financial advice for the first time can be quite a daunting prospect. Uncertainty about what is involved, what will be required of them, and the fear of being put under pressure to purchase products they don’t need, want or understand often prevents people from seeking the help they need.
In the current economic climate of uncertainty over job security, the increasing cost of living and low rates of interest on savings, it is even more important to give serious thought to reviewing your financial position and taking steps to protect what capital you already have. Even if no specific needs are identified or financial solutions recommended, at least you will be better informed about the financial arrangements you have in place already and will have peace of mind going forward.
The financial advice process usually follows a fairly standard format. Although individual advisers may ask questions in a different order, or do things in a slightly different way, they are required by law to follow certain set procedures and provide certain pieces of information to ensure that their clients are fully informed as to the service being offered.