Much debate is ongoing about the merits of being a Certified or Chartered Financial Planner, writes Keri Carter CFPTM, managing director of Broadway Financial Planning.
The whole ‘Chartered Body Alliance’ thing seems to have come out of nowhere to me. Clearly it has been brewing for a while and I think that it is a good thing for financial services.
It’s not a merger but it is a step forward for the Chartered adviser bodies and the Financial Planning profession and it’s long overdue.
It’s all too easy to become distracted by the hysteria of presidents, prime ministers, politics and performance in this busy start to 2017.
Editor: My 10 Wishes for Financial Planning in 2017
It’s traditional at this time of year to make predictions about the coming 12 months. Being somewhat of a contrarian I’m not going to do that.
It only feels like a moment ago that we entered 2016. Both personally and professionally it's been quite a year.
Pension tax relief, particularly for higher rate taxpayers, is a hugely used element in the Financial Planner’s arsenal but it’s future may well be in jeopardy along with the Treasury’s commitment to fund pension saving with generous tax benefits.
Showing my age, one of my all time favourite Motown songs is: “The world is like a great big onion” by Marvin Gaye and Tammi Terrell. I am reminded of this classic at every budget or autumn statement because our pensions world has been growing like an onion – with layer upon layer of complexity added almost every time the Chancellor gets to his feet.
We are approaching the anniversary of the merger of the IFP and CISI so it is a good opportunity to reflect.
Cashflow modelling is extremely useful, but not essential to good Financial Planning. I’m in great agreement with Financial Planner Martin Bamford here.
I’ve been watching the results of the Financial Planning Today survey as to whether or not the Planning community feel that cashflow planning is essential to a Financial Plan.
As the great cashflow modelling debate continues, following the recent Financial Planning Today poll, Steve Martin CFPTM Chartered MCSI, gives readers his perspective on why it is essential.