The Institute of Financial Planning (IFP) has taken over the organisation of the Paraplanner of the Year award, previously run by The Paraplanners.
The award was created in 2008 and has been organised by Richard Allum and his team at the outsourced paraplanning business since then.
Allum, who is a board director of the IFP, will continue to act as one of the judges post take-over, alongside paraplanner Martin Vaughan, Patrick Ingram of Parmenion, and Steve Gazzard from the IFP who will chair the panel.
Allum said: "The IFP's dedication to professional development in paraplanning has been instrumental in raising paraplanning's profile and its professional standing over recent years.
"Rewarding exceptional performance among their peers, the [Paraplanner of the Year] award not only attracts more and more entries from a greater number of outstanding paraplanners each year, but it also serves as the benchmark for professional conduct and standards against which a growing pool of UK paraplanners are able to aspire."
IFP chief operating officer Steve Gazzard added: "We hope that paraplanners across the country will be inspired to take the challenge and enter the competition in the hope of winning this prestigious award.
"The competition opens to entries from all UK-based paraplanners on 5 August, closing on 6 September.
The awards will be presented at the IFP Annual Conference in October with prizes including a £1000 cash prize, a place at the IFP Annual Conference, and access to Wizard Learning materials.
Full details of the application process will be available in early August.
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