Industry news and views from Panacea and our partners.
Panacea
Just little bits of history repeating itself?
A key factor responsible for the 2008 financial crisis in the United Kingdom was excessive risk-taking by banks. In the years leading up to the crisis, UK banks were giving out risky mortgage loans (100% plus in some cases) as well as investing in high-risk financial products without very little caution at all.
Spot the Difference: 72,000 Names, But No Paraplanners
The FCA Register lists over 72,000 individuals across advice, mortgage, and compliance roles — yet not a single paraplanner in sight. Given the critical part paraplanners play in shaping advice outcomes, from research to report writing, many are questioning whether it’s time for formal recognition. Could adding paraplanners to the FCA Directory or introducing a competency sign-off process help clarify accountability, or would it add unnecessary cost and complexity — especially for outsourced providers?
Should Paraplanners Be More Formally Recognised by the FCA?
Many paraplanners have expressed a desire for their work to be recognised as a profession in its own right, rather than simply a support function. Formal recognition could support that aim, reinforcing standards, career pathways and professional identity. We’d welcome your thoughts — whether a paraplanners, advisers or compliance professional — on how best to strike the right balance.
Fund Winners & Shedders
We are sharing with you four new reports produced using FE Analytics for the previous month market activity.The first two show the Funds attracting new net inflows (after taking into account investment performance) the second showing those with net outflows.
Growing your Financial Planning business in uncertain times
To say that times are uncertain feels like an understatement. The last 2 years have been a period of significant turmoil...
Are you sitting on a data goldmine in your business?
Did you know that many Advisory businesses are sitting on an untapped source of business revenue - hidden away in their data? Businesses are often paying more to store their data, than they are deriving value from it!
How much more help do young people need?
Kirsty Allsopp caused a bit of a stir by suggesting that “young people could afford to get on the property ladder if they gave up luxuries such as their gym membership and foreign holidays and looked at cheaper areas”.
Paraplanners lost in the ether of regulation
The SMCR’s (Senior Managers Regime Certification) was created to address risks posed by adviser firms employees, whose role may allow them to do ‘significant harm to the firm or its customers’.
CBDCs and Britcoin - what does a digital central bank currency mean for us? (45 minutes unstructured)
In this webinar we’ll take a look at central bank digital currencies - what are they, what are their benefits, and what does adoption of a CBDC mean for a country, its economy, financial institutions, businesses and citizens?
Crypto Assets and tax implication - how to talk to your clients about Crypto (44 minutes unstructured)
This webinar includes the tax implications of activities in cryptoassets for UK Individuals, succession planning with cryptoassets and how to have a meaningful discussion with clients on crypto.
Dispelling the myths of crypto investments (47 minutes unstructured)
This webinar cover black market myths, what the compelling arguments are both ‘for’ and ‘against’ crypto currency and why clients are attracted to crypto over traditional investments.
Cryptocurrency & blockchain 101 (30 minutes unstructured)
- What is crypto currency? - Crypto 101 - Dispelling myths - What the future looks like
How to show the value of financial advice - it's worth a fortune!
Join David “DAN” Norman from TCF Investment as he takes an entertaining and practical look at showcasing the huge value of financial advice.
We don’t need no stinking badges 4
Claims management companies have, in the eyes of many in the IFA world, managed to portray a world of plenty to hard pressed consumers in the troubled, distressed worlds of 2020 and 2021.
Designing, building, or refreshing a CIP – a practical guide (30 minutes unstructured)
Join David “DAN” Norman from TCF Investment as we take a practical look at Centralised Investment Propositions (CIPs).
How to design, build, or refreshing your CRP – a practical guide (30 minutes unstructured)