The Personal Finance Society (PFS) is to focus on the challenges posed by intergenerational wealth transfer as it returns to a full programme of face-to-face events in 2022.
The PFS said it will also “explore and evolve” its training programmes to consider who best to promote the value of financial advice to a changing demographic.
This includes the training provided by the Chartered Insurance Institute (CII) following the CII’s ‘Shaping the future together’ consultation.
The consultation included asking for views on the proposed de-registering its PFS arm as a separate company and other major changes to the professional body. The CII has already removed the role of PFS CEO.
The CII has yet to share the results of the consultation, and what it will mean for the future of the PFS.
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Sarah Lord, President of the PFS, said: “Moving forward, it remains important to focus on new generations of clients, building a clear understanding of they want from their relationship with a financial planner.
“The inter-generational wealth transfer is upon us now, so we need to be on the front foot. We must ensure we can offer appropriate client experiences for the next generation of clients so we sustain our client base for the future.
“Only by securing our own financial futures through a clear focus on attracting fresh talent, building resilient business models and focussing on the client relationship, will our profession be well placed to empower more individuals to manage their money and achieve their financial goals.”
The challenges and opportunities provided by intergenerational wealth transfers will be the focus of the PFS’s Festival of Financial Planning, which will take place at the Birmingham NEC in November.
2022 will also see the return of the full regional CPD programmes provided by the PFS.
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