The future of paraplanning
One in every 14 people in the UK work in financial services and many more are trying to get into the sector.
Meanwhile, the UK is experiencing unprecedented change in how people work. As more people opt to work from home in the post-pandemic world, paraplanning offers the flexibility to those want to balance work and with home life.
For those entering the world of financial advice, paraplanning is one of the best ways to start. But given the challenges and variety in the role, it is possible that increasing numbers of those who come into the sector as paraplanners will decide to make it their career.
After all, it is a role that has all the interesting aspects of financial advice and it can be carried out remotely.
A good paraplanner is good at research, knowledgeable, methodical and dedicated to keeping up with their CPD. They have good interpersonal and technical skills, able to do complex work and meet deadlines.
Most of all, they are in ever-increasing demand. Advice firms can no longer afford to be complacent about their paraplanner’s education or progression.
John Somerville is head of financial services, professional education, at The London Institute of Banking & Finance
