Paraplanners' Assembly

In #1 spot is A guide to protection essentials for paraplanners Do you find that, even though you spend each and every day working on financial plans for clients, you hardly ever get mixed up in protection? Well you’re not alone. Because despite being a foundational long-term financial security, for paraplanners, the topic of protection often takes a back seat compared to consideration of investment and retirement strategies. Which invites the question: what happens to that carefully crafted financial plan if a client’s income falls or they’re faced with the financial consequences of a bout of serious illness or worse? To find out tune into the recording when Jon Hall, protection specialist at Scottish Widows, joined us to explore protection essentials for paraplanners including: Why protection deserves a place in holistic financial planning (and how to make the case for it) Current trends in the protection market and how to tackle common misconceptions The fundamentals: from product types and processes to remuneration options Practical tools and technology that can help you research and recommend solutions Straight after the event, Jon popped over to The Big Tent and created a thread where he answered questions that paraplanners had raised during the gathering but he hadn’t had time to answer live. Be sure to take a look at his responses. Listen here: https://bit.ly/3Fs8T2E And a recap... #2 https://bit.ly/43x6Ows #3 https://bit.ly/4hkyVSM #4 https://bit.ly/43yc5nq #5 https://bit.ly/4hr1QEO #Podcast #LikeandSubscribe #ParaplannersAssembly #Paraplanning #wealthmanagement #investment #retirement #IHTPlanning #InheritanceTax #TaxChanges #ExpertInsights #LearnFixShare

The way pensions are treated for inheritance tax (IHT) is set for a big shake up in April 2027 when unused pension funds will count as part of a client’s estate and become liable to IHT. In preparation for the change, the government announced a consultation on the liability, reporting and payment of IHT at last October’s Budget. That consultation ended in January 2025. But what are its conclusions likely to be? And what do paraplanners need to know now so you, your firm and its clients are ready when the reforms go live. What do you and your clients need to know? Well that's where technical specialist Les Cameron from M&G Wealth Platform comes in. Because Les joined host, Richard Allum, to explore what the changes could mean for paraplanners and clients. What you can expect to take away from this Assembly? Les shares his thoughts on how the new IHT framework will affect pension death benefits after 2027 and, in a wide-ranging talk, covered things like: Whether it makes sense to think about taking money out of pensions earlier than planned Why bypass trusts might be making a comeback How the pension reforms could affect red-amber-green assessment Practical steps paraplanners can take now to prepare for the changes Interested? Then tune in now. https://bit.ly/3FejUoa #IHT #ParaplannersAssembly #Pensions #IHTFramework #deathbenefits #estatemanagement #financialwealth #financialmanagement #podcast #learnfixshare

Mid way through and in number 3, we discussed what's changing in the April 2025 UK inheritance tax changes. Instead of the complex domicile rules, a new ‘long-term residency’ test will decide whether someone’s worldwide assets fall into the IHT net. In this episode, Utmost Group’s technical sales manager, Steve Sayer, explores how the new rules could affect clients in a range of scenarios – whether they’re UK residents planning to retire abroad or people returning home after years overseas. Using worked examples, Steve demonstrates how changes affect trust planning, and explains when trusts might shift between excluded and relevant property status. He also touches on the implications of pension death benefits becoming subject to IHT from 2027. Whether you’re already dealing with cross-border IHT planning or want to understand how these changes might create new planning opportunities, this session is a great way to get to grips with the new framework. Want to learn more? Then tune in now. https://bit.ly/4hgz3CJ #Podcast #ParaplannersAssembly #IHTPlanning #ResidencyRules

In spot number 4 is our very first online Assembly of 2025 - "Lifetime allowance abolition: are we there yet?". For those who wanted to be certain where things stood, and confirm for themselves that the LTA saga was absolutely definitely over, James Jones-Tinsley from Barnett Waddingham and Transact's Brian Radbone joined us to put us all straight – once and for all. Over the course of one hour, James and Brian offer their insights on all the corrections, clarifications and considerations that you could possibly want to know when it comes to the lifetime allowance. Tune in on your preferred podcast provider, and don't forget to subscribe to Paraplanners' Assembly. https://bit.ly/4hkBggv #LifetimeAllowance #LTA #learnfixshare #paraplannersassembly #paraplanners #financialwealth #financialplanning

Have you subscribed to our monthly newsletter? It covers everything every paraplanner could need to know about Assembly. Want to add yourself to our mailing list? Follow this link ➔ https://bit.ly/3DWS2nW #stayinformed #paraplanning #newsletter #paraplantogether #community

It's Top of the Pods time, where we highlight the top listened to podcasts from February. In at number 5, is 'A paraplanner's guide to giving', our Assembly that welcomed three experts to discuss why clients want to give, and the gap between clients' desires and advisors' awareness. Host Richard Allum explores this with three experts: Jeannie Boyle of EQ Investors I B Corp, Jack Chellman of the Global Returns Project, and David McIntosh of ShareGift, which has donated over £50 million to UK charities since 1996. In a world that is both intricate and interconnected, dealing with climate emergencies, conflicts, and significant disparities in health, economic, and social outcomes, clients are increasingly seeking returns that go beyond financial profit. They are striving for positive impacts on the economy, society, and the environment. How many of your clients share this mindset, and how confident are you in integrating their social and charitable goals into a practical financial plan? Tune in to Paraplanners' Assembly on your favourite podcast platform to this CPD accredited session. https://bit.ly/3QXtJcK #Paraplanners #ParaplannersAssembly #Giving #goals #financialwealth #financialreturns #charities

🔍 After years on the sidelines of retirement planning, annuities are making a comeback. But because annuities were out of fashion for so long, it's hardly surprising that plenty of paraplanners lack recent exposure to them. Basically, we could all benefit from brushing up on annuities couldn't we? And that's why, at our next online Assembly at 1pm on Wednesday 16th April 2025, we'll be joined by annuities expert Andy Powell DipPFS Chartered MCSI from Standard Life UK. In just one lunch hour, you'll learn: – The basics: how annuities work – The difference between pension annuities and purchased life annuities – How innovations like fixed-term annuities can fit your client’s plan – Enhanced terms and why honesty about health conditions is vital Andy will also share examples of cases to help illustrate how different options plus disclosure of health conditions can combine to positively influence outcomes for retirement income – practical examples and insights to take away from this Assembly and apply when considering client cases straightway. Interested? Follow the link to save your spot: https://bit.ly/3F34gMy #paraplanning #paraplanners #learnfixshare

From April 2025, the rules determining who pays UK inheritance tax are changing. Instead of the complex domicile rules, a new ‘long-term residency’ test will decide whether someone’s worldwide assets fall into the IHT net. Discover what’s changing in this Paraplanners' Assembly episode with Utmost’s international technical sales manager, Steve Sayer. He explores how the new rules could affect clients in a range of scenarios – whether they’re UK residents planning to retire abroad or people returning home after years overseas. Using worked examples, Steve demonstrates how changes affect trust planning, and explains when trusts might shift between excluded and relevant property status. He also touches on the implications of pension death benefits becoming subject to IHT from 2027. Who is this Assembly for? Whether you’re already dealing with cross-border IHT planning or want to understand how these changes might create new planning opportunities, this session is a great way to get to grips with the new framework. What are the learning objectives? By the end of this podcast, you'll understand the post April 2025 changes to: 🔸 Inheritance Tax (IHT), and 🔸 The taxation of non domiciles 🔸 How trusts can help to mitigate IHT liabilities 🔸 Discuss and explain these with a client in a clear and concise way 🔸 Apply this knowledge to appropriate, individual, client scenarios Want to learn more? Then tune in now, simply search Paraplanners' Assembly on your favourite podcast provider. #IHT #NewTaxYear #TaxYear #Changes #April #taxation #paraplanners #financialwealth #podcast

📣 GOING LIVE IN 10 MINUTES! Join us online at 1pm when M&G's Les Cameron will be talking pensions, death and taxes. It's sure to be IHT-tastic! To join in, save your spot by following the link now. https://bit.ly/3EKMzBf #paraplanning #paraplanners #learnfixshare

Have you subscribed to our monthly newsletter? It covers everything every paraplanner could need to know about Assembly. Want to add yourself to our mailing list? Follow this link ➔ https://bit.ly/40l0F3b #stayinformed #paraplanning #newsletter #paraplantogether #community