Nick Cann, chief executive of the Institute of Financial Planning, welcomed 120 delegates to the annual IFP Paraplanning conference this morning.

The conference, held at the upmarket Nottingham Belfry hotel, is the follow-up to a successful debut conference last year.

Over 80 per cent of delegates to last year’s event rated the conference as 8/10 with 10 being excellent.

Mr Cann said: “I think Paraplanning, to the outside world, is still an enigma and so we're trying to highlight what you do and how you do it."

He showed delegates some research conducted by the IFP which showed 49 per cent of Paraplanners were aged 25-34 and 28 per cent were aged 35-44.

Some 23 per cent earnt between £30,000 and £34,000 and 21 per cent earnt £25,000-£29,000.

Speakers during the day include Richard Allum from Paraplan Plus and Moneyscope, Chris Hewitt from the Financial Services Authority, Dr Paul Kaplan from Morningstar and Edward Grant from Technical Connection.

Topics, which include cash flow planning, asset allocation, tax planning and in-house versus outsourced Paraplanning, have been chosen specifically with Paraplanners in mind to ensure they get the maximum benefit from the day.

As well as keynote sessions, there will be track sessions meaning delegates can attend which sessions will be most useful for them.

The day will end with dinner and drinks reception.