Having worked within the financial services industry and alongside Partners at St. James’s Place since 2008, the team here at Virtual PA Services understands the importance of producing high quality, compliant SJP suitability letters.
In fact, we have grown to become one of the UK’s leading SJP Paraplanner suppliers, providing vital help to businesses that are seeking short- or longer-term assistance with their administrative processes on an outsourced basis.
Led by SJP Accredited Jade Clarke DipPFS, Cert CII (MP), our virtual paraplanning team consistently produces detailed and personalised reports for a wide range of products, whilst ensuring they comply with all regulations.
Collating plan information can be problematic, time consuming and sometimes simply frustrating. However, you can delegate this to our SJP Paraplanners with confidence, as these professionals have a wealth of knowledge on current and legacy products, enabling them to make easy work of navigating this tricky area!
You can also be sure that, in an ever-developing industry, we make it our mission to stay up to date with any changes within St. James’s Place and the wider community, ensuring our Paraplanners always have the knowledge they need to get the job done.
OUR ST. JAMES’S PLACE PARAPLANNING SERVICE INCLUDES:
- Suitability letter preparation
- Advice set creation
- Voyant
- Analytics
- OPAL
- Income sustainability calculations
- Carry forward calculations
- Inheritance tax calculations
- Protection cases
SUITABILITY LETTER LIST:
For replacement (pre-approval), business:
Investment transfers including:
- Investment bond replacement
- Stocks and shares ISA
- General investment account / unit trust replacement
- EIS rollover
Internal drawdown recommendations including:
- UFPLS
- Initial tax-free cash
- Phased drawdown strategy
- Annuities
- Dependents drawdown
Pension transfers including:
- Defined contribution schemes
- Stakeholder pensions
- Partial transfers
- Drawdown transfers
- Fixed term annuities – when maturing
For new business (post approval):
New cash investments including:
- ISAs
- Unit trust accounts /unit trust feeder accounts
- Investment bonds (international and onshore)
- Junior ISAs
- Unit trust designates
- Fund administration bond
- Rowan darting portfolio both ISA and non-ISA portfolios
- Venture capital trusts / Enterprise Investment Schemes
Trust and inheritance tax planning including:
- Gift plan (both international and onshore)
- Enhanced gift plan (both international and onshore)
- Discounted gift plan (both international and onshore)
- Loan plan (both international and onshore)
- Inheritance tax solution (both AIM and non-AIM)
- Later life planning scheme (both international and onshore)
- Beneficiary income plan (both international and onshore)
- Excess income plan (both international and onshore)
- Enterprise Investment Schemes
- Whole of life contacts
- Gift inter vivos
New cash pension recommendations including:
- Personal retirement accounts
- Corporate retirement accounts
- Self-Invested Personal Pensions (SIPPs)
- Trustee investment accounts
Protection planning including:
- Level term assurance
- Decreasing term assurance
- Family income benefit
- Relevant life
- Business protection
- Key man insurance
- Private medical insurance
- Income protection
Additional suitability letters:
- InRetirement reviews
- InRetirement initial letter
- Mortgages
- Cash ISA transfers
Ongoing advice reports:
- Subsequential tax-free cash
- Drawdown reviews
- New business
- Fund switches
OUR PARAPLANNING PACKAGES
Let our SJP Paraplanners free up your time whilst maintaining the exceptional care and attention to detail your firm is famed for.
Our paraplanning support service can be used as a standalone option. Alternatively, this can be combined with our PA packages, meaning we can see a piece of business through from start to finish.