In 2012 we ran a survey on the FSCS Levy and its inherent unfairness and the ever-increasing large and unexpected cash calls on adviser firms. Four years on we are running another survey to ascertain adviser perspectives on the FSCS funding review and to see how views have changed over the last 4 years. Results will be sent to the FCA, FSCS and the TSC as well as the press, so please take the survey today.
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?
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.
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