What does your Outsourced Paraplanning Service include?
Absolute Paraplanning’s fully bespoke service includes file preparation, data cleansing, information gathering on your new client’s existing plans/policies, producing valuation schedules, liaising with product providers on your behalf, fund and provider research, and report and suitability letter writing. We also offer an in-house administration service, dependent upon your location.
What information would you need and how would I provide it?
We usually undertake a telephone conversation with you to initially discuss the outlines of the case. A fact find or meeting notes can be emailed or uploaded to a secure file sharing service together with any policy information from the providers you may have (i.e transfer paperwork for a pension and fund values). If we require further information from a provider then we can contact them on your behalf.
Is the information I send to you secure?
We will ensure that all data and information received from you is treated in the strictest confidentiality. We are registered under the Data Protection Act 1998.
How are reports sent to me?
Reports are sent by email in a word document that you can edit.
Who is responsible for the advice given?
Advice given to your client is your responsibility and is covered under your own indemnity insurance. Absolute Paraplanning is not authorised or regulated to give advice.
I am not authorised to give advice on Defined Benefit Schemes – how can you help?
Absolute Paraplanning can refer you to a highly qualified pension technical specialist who is authorised and can ‘sign off’ defined benefit scheme transfers.
How do you charge for your services?
A report produced with all information required to hand is charged at a flat fee on a monthly basis. Any additional services are billed on an hourly rate on a monthly basis. Once a working relationship has been established then a monthly retainer fee can be negotiated if preferred.
If you have any other questions not covered in this section please go to the contact page.