On June 11th Retirement Planner held its inaugural Forum and Awards at Le Meridien Piccadilly in London.
On 11 June, Retirement Planner held its inaugural Forum and Awards at the Le Meridien Piccadilly in London.
More than 140 advisers came to put their questions to pensions minister Steve Webb and hear presentations from Scottish Widows' Robert Cochran, Retirement Intelligence's Billy Burrows and Intelligent Pensions' David Trenner.
The Forum was followed by the first ever Retirement Planner Awards, in which we aim to recognise the work of adviser firms who are committed to making a real difference in how people approach their retirement.
UK advisers have faced challenging times in recent years and this is especially true for those specialising in the retirement planning space.
In addition to preparing for the Retail Distribution Review, retirement planning specialists have also had to deal with an onslaught of change, particularly in the pension arena.
Advisers have had to get to grips with these changes, while ensuring their clients receive the best advice possible.
The Retirement Planner Awards highlight examples of best practice within the advisory industry. Awards were given to the top five advisory firms who are able to demonstrate commitment to delivering the highest standards of retirement advice to their clients.
Entrants were assessed on the basis of a 1,000-word case study demonstrating how they have worked with clients to reach their retirement planning goals.
These goals could include helping clients to build up a reasonable retirement income, explore their at-retirement options, mitigate debt, retire abroad or deal with estate planning issues.
Successful entries needed to highlight the following:
• Determining client goals – how were the overall client financial position and aspirations ascertained?
• What challenges did the adviser face in the process and how were they resolved? For instance, how did the adviser ensure clients understood what they were doing? Did they have concerns regarding any of the products? If so, how were they dealt with?
• What products/strategies were used to attain the client's financial goal? Why was that particular route chosen?
• How were the recommendations communicated to the client?
• What was the result?
• What ongoing service (if any) was recommended for the client and why?
This was backed up by a 500-word submission outlining what the business had done to promote high standards of financial planning.
Retirement Planner would like to congratulate the winners: Almary Green, Intelligent Pensions, Mattioli Woods, Smart Financial and Uniq Family Wealth.
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