The financial planning landscape is evolving rapidly, driven by advancements in artificial intelligence (AI) and globalisation. These changes present both challenges and opportunities for paraplanners. As AI increasingly handles the analytical aspects of financial planning, paraplanners must consider how to adapt and thrive in this new environment. One viable path is to develop a non-intermediating … Continue reading Future-Proofing Your Career as a Paraplanner: Embracing Non-Intermediating Financial Planning with the Academy of Life Planning
Month: May 2024
The Future of Retirement Advice: Trends and Transformations
The retirement advice landscape is on the cusp of a significant transformation, driven by a convergence of regulatory pressure, technological advancements, and evolving client needs. As we navigate this shifting terrain, three key trends are emerging that are reshaping the role of financial advisers and the strategies they employ. 1. Beyond the Cliff Edge: Redefining … Continue reading The Future of Retirement Advice: Trends and Transformations
The Future of Financial Planning in the Age of AI
The financial advisory landscape is undergoing a seismic shift, driven by the rapid advancements in artificial intelligence (AI). The traditional role of financial advisers, long centered around providing bespoke financial advice and relationship management, is being redefined. Ian Partington, Chief Executive of Third Financial, argues that advisers' roles will pivot towards relationship management as AI … Continue reading The Future of Financial Planning in the Age of AI
The Timing Dilemma: To Sell or Stay with St James’ Place?
As a long-serving St James' Place (SJP) practice principal, you may be contemplating whether now is the optimal time to sell your book of business. The financial landscape is volatile, and recent developments at SJP present a unique set of challenges and opportunities. Here's a deep dive into the factors you should consider in making … Continue reading The Timing Dilemma: To Sell or Stay with St James’ Place?
The Retirement of Martin Sinclair: A Journey from Financial Intermediary to Life Planner
Martin Sinclair sat at his desk, looking out over the cityscape from his corner office. It was a view he had cherished for over three decades, serving as a financial planner specialising in the intricate needs of medical professionals and dentists. Today, however, was different. It was his last day as an FCA-regulated financial intermediary. … Continue reading The Retirement of Martin Sinclair: A Journey from Financial Intermediary to Life Planner
Transitioning from FCA-Regulated Intermediation to Meaningful Generic Financial Planning: A New Paradigm for Independent Financial Advisers
As Independent Financial Advisers (IFAs) navigate the evolving landscape of financial planning, a significant shift is occurring. Increasingly, both advisers and their clients are recognising the benefits of moving away from FCA-regulated intermediation to a more holistic and meaningful generic financial planning approach. This transition not only offers a smoother lifestyle for advisers but also … Continue reading Transitioning from FCA-Regulated Intermediation to Meaningful Generic Financial Planning: A New Paradigm for Independent Financial Advisers
The Growing Concern of Impact-Washing in Social Investing
The Growing Concern of Impact-Washing in Social Investing At the Academy of Life Planning, we are dedicated to fostering transparency, integrity, and true social value in financial planning. Recently, a thought-provoking article by Mick McAteer of the Financial Inclusion Centre has brought to light a significant issue in the social investing sector: impact-washing. As champions … Continue reading The Growing Concern of Impact-Washing in Social Investing
The Timeless Truth: Uncovering the Universal Framework of Human Spirituality
Introduction Throughout history, humanity has sought to understand the nature of the divine, the cosmos, and our place within it. One profound concept that has emerged in this quest is Prisca Theologia, or "ancient theology." Prisca Theologia posits that a single, universal truth lies at the heart of all major religious and esoteric traditions. This … Continue reading The Timeless Truth: Uncovering the Universal Framework of Human Spirituality
Why the Financial Services Industry Must Transform to Regain Public Trust
In recent years, the financial services industry has faced a significant backlash from the public. It's not surprising, considering the industry’s track record of scandals, exploitative products, and confusing jargon designed to obfuscate rather than clarify. The sector has garnered a reputation for prioritising self-interest over client welfare, often leading to high earnings for the … Continue reading Why the Financial Services Industry Must Transform to Regain Public Trust
The Shift to Recurring Fees: A Boon or a Curse for Financial Advisers?
For over a decade, since the Retail Distribution Review (RDR) was implemented, financial advisers have increasingly shifted their commercial models towards recurring fees. Today, two-thirds of the revenue in the UK financial investment advice industry comes from ongoing fees based on assets under management (AUM), amounting to a substantial £3.6 billion annually out of a … Continue reading The Shift to Recurring Fees: A Boon or a Curse for Financial Advisers?
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