Videos
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Early Careers
- At this stage of your life, it is key to balance short term aspirations and targets, while being mindful of longer-term retirement savings;
- You will learn to set yourself SMART objectives;
- Gain an understanding of the different Savings Vehicles available to invest in;
- Understand how mortgages work.
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Mid-Life Accumulators
- This module will help you assess your current situation, identifying your needs and priorities, plus taking action to improve your financial well-being;
- It will help you transition towards protecting yourself and your family as well as building a tax-efficient asset base;
- It will provide an assessment of the importance of Financial Protection and a breakdown of the products available;
- Understand the importance of an emergency fund and how to invest excess cash efficiently.
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Pre-Retirement
- You will understand how to maximise your savings allowances where possible and ensure you have built sufficient funding in the right places to meet your expenses without an earned income;
- A review of pension plans and the benefits accrued therein;
- An understanding of the different options available to take benefits from pensions;
- Knowledge of the workings and benefits available from the UK State Pension.
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Later-Life
- You will be able to assess whether or not you can afford costs in later life and the benefits of Inheritance Tax planning;
- An understanding of inheritance tax and estate planning, inclusive of reliefs an the exemptions available;
- A review of Equity Release as a product.
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Regulation
- Understand that Financial Planners provide regulated financial advice to help people make the most of their existing wealth and assist individuals with meeting their financial goals;
- Consider the difference between ‘independent’ and ‘restricted’ advice;
- Learn in greater detail about the FCA Consumer Duty, the Financial Ombudsman Service and the Financial Services Compensation Scheme.
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Financial Planning Process
- Identify your current financial situation, setting realistic and measurable objectives, developing and implementing a plan of action, and monitoring and reviewing the plan moving forward;
- Learn the importance of setting SMART objectives;
- How to work with a Financial Planner whilst they conduct a Fact Find;
- The importance of the ongoing and regular evaluation of the financial plan and its performance.
Video 1: Early Careers
Video 2: Mid-Life Accumulators
Video 3: Pre-Retirement
Video 4: Later-Life
Video 5: Regulation
Video 6: Financial Planning Process
Get in touch
John Gaskell
Head of Personal Financial Planning, ICAEW
John oversees ICAEW’s PFP Community and ICAEW’s Personal Financial Planning Advisory Group. His role involves liaising with the FCA and other regulators, working across different areas of ICAEW and with external stakeholders. He began his career as a private client stockbroker and investment manager before working as an independent financial adviser.
Anthony McManus
Personal Financial Planning Manager, ICAEW
Anthony plays a pivotal role in overseeing ICAEW’s PFP Community and participates on ICAEW’s Personal Financial Planning Advisory Group. His responsibilities encompass engaging with external stakeholders and curating and presenting content pertinent to ICAEW's esteemed Members. Anthony previously worked in the Financial Advice sector.