Neil Homer, Lonsdale Wealth Manager, independent financial adviser Stafford, passed the Advanced Diploma Pension Planning exam (AF3) in April 2018. This examination counts towards the Chartered Financial Planner status.
The Advanced Diploma Pension Planning exam covers every aspect of retirement planning. The course reviews the different types of pensions available, and compares the merits of defined benefit schemes v defined contribution schemes. The course considers how pensions are invested, contribution limits (both annual and lifetime), and available transitional protections.
‘I passed the AF3 Chartered Institute of Insurance (CII) Advanced paper on pension planning earlier this year. The exam has given me a much greater depth of knowledge of pensions and also allows me to provide advice on occupational pension transfers. The aim of the Advanced Diploma Pension Planning course is to help us understand the specifics of any pension so we understand how relevant it is for our clients. The course considers what type of information you need from clients to improve the decision making process, and what clients should consider when they are pension planning.’
Neil Homer, independent financial adviser, Stafford said: ‘I wanted to study for the CII qualification as offering pension advice is an important part of my role as an independent financial adviser. At Lonsdale Wealth Management we focus on working with clients to offer financial advice by reviewing their pensions and retirement options. For example we offer financial advice to clients who are considering transferring from a defined benefit pension scheme to a defined contribution pension scheme. Our retirement planning also focuses on the merits of pension annuities and pension income drawdown. Before we offer clients financial planning advice we use Voyant cash-flow planning to understand how a client’s current and future income and expenditure, including life events will impact on their retirement planning.'