More about the Forces MoneyPlan initiative.
- What are the requirements to participate in the
You must be a member of the Personal Finance Society member with a
valid Statement of Professional Standing
- Is it advice or guidance?
Initially you will be giving generic financial advice. This is not
regulated financial advice and will not result in any specific
- Will it affect my PI premiums?
By giving generic financial advice without a personal
recommendation it should have no effect on your existing
professional indemnity arrangements.
- What about follow-up advice?
One outcome from the initial guidance session might be a
subsequent request for commercial regulated advice, but
participating advisers in this scheme will commit to follow clear
process that ensures a 'clean break' takes place after the guidance
session and leaves the recipient to make contact in respect of any
need for subsequent regulated financial advice.
- How much time will I have to commit?
The time we envisage adviser members committing to Forces
MoneyPlan will vary between a few hours and a full day every month.
Support can be delivered by telephone as well as face to face.
- When will the scheme be launched to Armed Services
We are currently working towards a launch in late Q2, 2017