Surrey

The ‘Shaping the future together’ consultation gave members and other key stakeholders the opportunity to feedback on the Chartered Insurance Institute’s (CII) proposed plans, as well as the services it delivers and how the professional body can best meet their needs and expectations in the future. The CII is conducting this pilot as the majority of financial planners who took part in the ‘Shaping the future together’ consultation told us they want us to bring in more flexibility and realistic assessed tasks to some of our assessments.

In place of the scheduled written exams, the CII will be piloting coursework assessments for the R06 Financial Planning Practice unit of the Chartered Insurance Institute Level 4 Diploma in Regulated Financial Planning. The format of the coursework assessments for R06 will be assignments based on client case studies.

Gill White, Chief Customer Officer of the Chartered Insurance Institute, said: “Our R06 unit currently uses on-screen written exams available four times per year. We are piloting a flexible, client-focused coursework assignment assessment, designed to fit in with contemporary working practice. This means learners with commitments that prevent attendance of exams on the fixed dates will not face a barrier to completion of the Diploma in Regulated Financial Planning.

“The assessment is designed to meet the same syllabus learning outcomes and assessment criteria as the current R06 exam and meets the Level 4 qualification descriptors set out by education regulators.

The assessment criteria include a requirement for analysis and justified recommendations, which are appropriate to assess in longer responses such as case-study-based assignments.

“We worked with practitioners within the profession, advisory groups and the PFS Board to discuss how these skills are demonstrated in a professional context to design the coursework assessment approach and tasks.”

A review will be undertaken later this year once the pilot is completed and feedback from candidates has been received. The Chartered Insurance Institute will then decide during 2023 whether assessment for the R06 Financial Planning Practice unit will switch from written examinations to coursework and the timetable for any changes.

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After a very successful return to face-to-face conference in 2022, we are excited to be back on the road in 2023 with our Spring, Summer and Autumn regional conference as well as a range of Specialist events and regional events organised by your local committee.

Click on the link below to register your place or save the date in your diary if a link isn’t available.

• Wednesday 7 June – Summer Conference (Hilton Cobham Hotel) – Save the date
• Wednesday 6 September – Autumn Conference (venue tbc) – Save the date

More events organised by your regional committee will be advertised in due course. If you have any suggestions for local events you would like to see, please contact your committee.

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Don MacIntyre appointed to full-time executive role.

In August the PFS appointed Don MacIntyre as PFS Interim CEO.  Not only will he represent and advocate PFS members’ interests, he will also work closely with the Board to preserve PFS assets. Furthermore, he will enhance our governance and enable new operational processes that serve the needs of all members while maintaining public confidence in your services. 

Look out for Don at a regional conference near you soon!

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Hi, I’m Mark Raybould, the current Chair of the PFS Surrey region. We hold our PFS meetings at Epsom Racecourse and we welcome all members of the Personal Finance Society to attend.

We are forging excellent relationships with various colleges and universities in the county and are happy to invite students to attend and gain an understanding about the world of financial planning in action and the multitude of career options which exist! We are always looking for like-minded people to join the committee, so if you are interested please do get in touch.

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These 60 minute ‘Myth Busting’ CPD sessions are a series of virtual webinars with a difference!

Our hosts Colin Simmons Business Development Manager and Les Cameron head of Technical at Prudential present these sessions in their own unique style, covering a number of complex technical subjects in an interactive style with very few slides. The interaction between the two presenters keeps the audience engaged and even with large groups they still encourage audience participation by using the online chat facility on the call.

Want to know what Linda Bellingham, Steven King, Rita Hayworth and the Shawshank Redemption have to do with pension death benefits?

These are just some of the answers we will provide along with that all important conundrum to university planning… How many Pot Noodles and Jaegermisters could my 18yr old grandchild buy with my generous intergenerational planning, and is there a better way that’s tax efficient and I keep control?

Demystifying pension death benefits – Tuesday 2nd August, 9.30am

There is often lots of confusion surrounding the flexibilities and legislation surrounding pension death benefits. Prudential Business Development Manager Colin Simmons & Head of technical Les Cameron are running a session looking at the various aspects of providing pension death benefits but importantly demystifying many of the myths that surround pensions and death.

During this 60 minute CPD session Colin and Les will look at intergenerational wealth transfer and identifying areas for Advisers to discuss with clients in their usual entertaining format:-

1. Pensions are IHT free
2. Only DB transfers have IHT issues
3. You can only put £3,600 in your child’s pensions
4. Bypass Trusts are dead
5. Your family can inherit your pension
6. Pension death benefits are tax free

BOOK NOW!

Seven sensational Tax Myths’ CPD accredited session – Tuesday 16th August, 9.30am

There’s often a lot of confusion surrounding the tax reliefs and subsequent tax benefits available when putting a bespoke financial plan in place for a client. To help clear up this confusion, Prudential Business Development Manager, Colin Simmons and Head of Technical, Les Cameron are running a session looking at a range of tax planning options and helping you better understand and look beyond the myths.

During this 60 minute CPD session Colin and Les will look at intergenerational wealth transfer and identifying areas for Advisers to discuss with clients in their usual entertaining format:-

This 60 minute CPD session will cover:

1. Pensions are IHT free
2. Only DB transfers have IHT issues
3. You can only put £3,600 in your child’s pensions.
4. Bypass Trusts are dead. 
5. Your family can inherit your pension.
6. Pension death benefits are tax free.
7. You get £12,570 personal allowance tax free

BOOK NOW!

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