Coronavirus  

Guide to advice after the pandemic

  • Describe some of the impact that the pandemic has had on advisers' working lives
  • Explain how it has affected client portfolios and behaviour
  • Describe steps to change advisers' working practices
CPD
Approx.60min
Guide to advice after the pandemic

Introduction

The Covid-19 pandemic has, at the very least, wreaked havoc over all our lives, and for many has meant hardship and loss.

For advisers, they have been affected by it as much as many other professions - though as has become apparent in many situations, there is consensus that there has been some good as well as bad to come out of the crisis.

Much has been said of the change to advisers' working practices - how have advisers adapted to moving everything online? And indeed, how have clients reponded.

There has by necessity been an impact on clients' pension funds - and quite possibly their investment behaviour has changed as well.

All these issues have thrown up dilemmas for financial advisers, as they, along with everyone else, have been forced to adapt extremely quickly to a challenging new environment.

This guide attempts to shed some light on what these challenges have been, and aims to address some advisers' concerns. It is worth an indicative 60 minutes' CPD.

In this guide

CPD
Approx.60min

Please answer the six multiple choice questions below in order to bank your CPD. Multiple attempts are available until all questions are correctly answered.

  1. According to the first feature, what has been the average impact of Covid-19 on people's pension fund, over the first three months of the year?

  2. According to Vince Smith-Hughes, in the first feature, what should advisers do with clients in drawdown?

  3. According to the second feature, insurers are postponing their decision on the application for cover - or declining it - for those who have had symptoms of Covid-19, true or false?

  4. According to the third feature, what is likely to be the biggest change that advisers will see in their day-to-day work?

  5. According to the third feature, now is a good time to time the markets, true or false?

  6. According to the fourth feature, why might advisers move away from ad valorem charging?

Nearly There…

You have successfully answered all the questions correctly, well done!

You should now know…

  • Describe some of the impact that the pandemic has had on advisers' working lives
  • Explain how it has affected client portfolios and behaviour
  • Describe steps to change advisers' working practices

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