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Frequently Asked Questions

Here are answers to common questions

How can we benefit from using you?

A key benefit of using Outsource Your Paraplanning is freeing up your time to spend advising existing clients and generating new business which ultimately increases your revenue and profitability. Our paraplanners are highly qualified and experienced at research, analysis and report writing so you can be assured of a highly professional service.

How do you keep costs down?

We offer a restricted paraplanning service that includes a provider research report (using Capita Synaptic software) and a suitability report from our suite of templates. These are designed to simplify the report writing process (therefore saving time and ultimately cost to you) but do not compromise on quality and adhere to COBs 9.4 suitability report requirements.

The reports can incorporate your branding and will be personalised to your clients needs and objectives.

We also provide a SelectaPension report for any DB or DC pension transfer advice.

What information do you need?

We will require certain information from you prior to writing the suitability report, including:

  • Fact Find
  • Attitude to risk and capacity for loss results
  • Existing scheme information form completed (if transferring an existing product)
  • New business illustration
  • Completion of our Paraplanning Submission Sheet

How do we provide you with the documentation?

We use a secure online portal for you to upload everything we need. Once complete, we will upload the suitability report and supporting documentation to the portal for you to access.

How secure is the information I send you?

Our portal is very secure and all information is backed up daily. We are registered under the Data Protection Act and GDPR compliant. As a paperless office, all information stored is password protected and encrypted. We are happy to provide additional information on request.

What areas of financial planning do you cover?

We can cover all areas of financial planning, these typically include:

  • Pre-retirement planning
  • At retirement planning
  • Pension transfers (DB & DC)
  • TVC analysis
  • Investment planning
  • Inheritance tax planning
  • Personal and business protection planning
  • Annual reviews

What are your turnaround times?

We aim to be flexible but undertake to provide your suitability report within 5 working days from the date we receive all the information needed to proceed.

Who is responsible for the advice?

Outsource Your Paraplanning are not authorised or regulated by the FCA. You are responsible for the advice you give to your clients and for the content of the reports and research we produce.

How much will it cost?

We work on a fixed fee, pay as you go basis. A copy of our fee schedule is available here: Schedule of Fees (download 95.8kb)

Do you charge a retainer?

No. Our fees are charged on a pay as you go basis, so you only pay for the service when you use it.

If you still have unanswered questions

Or you need anything clarifying then please contact us.