The Institute of Financial Planning has found only 35 per cent of Paraplanners intend to progress to becoming Financial Planners.
Paraplanners have warned that working in outsourcing should not be viewed as a way to gain experience but rather they should already have the necessary technical experience.
Defaqto has forecast outsourcing is becoming an attractive proposition for advisers following research that 42 per cent of platform users already outsource their investment process.
The relationship between Financial Planners and Paraplanners was the topic this afternoon as Louise Oliver CFPCM and Claire Goodwin talked about their relationship at Taylor Oliver.
This year’s IFP Annual Conference from 3-5 October has new options for Paraplanners to enable them to make the most of the opportunities at the event.
In 2010, the Institute of Financial Planning launched the first professional qualification in the UK to test the skills and competence of Paraplanners - the Certificate in Paraplanning.
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