Hi [[ session.user.profile.firstName ]]

Coronavirus - Business Interruption Issues

45 minute webinar:

Every day we watch the number of positive cases of Coronavirus rise in the UK with other areas of the world struggling to control the epidemic. The UK is now in a state of lockdown and businesses across the country are struggling.

What are the issues likely to impact on claims submitted in respect of Coronavirus??

What will it mean for ongoing business interruption claims that pre-date the pandemic?

Damian Glynn, an industry recognised expert in the field of business interruption highlights issues that may need to be considered.

Topics covered:

Damage at the premises
Notifiable Disease at the premises (or within the policy prescribed radius)
Act of competent authority
Suppliers’/customers’ extensions
Recorded Apr 3 2020 44 mins
Your place is confirmed,
we'll send you email reminders
Presented by
Damian Glynn, Director, Head of Financial Risks, Sedgwick International UK
Presentation preview: Coronavirus -  Business Interruption Issues

Network with like-minded attendees

  • [[ session.user.profile.displayName ]]
    Add a photo
    • [[ session.user.profile.displayName ]]
    • [[ session.user.profile.jobTitle ]]
    • [[ session.user.profile.companyName ]]
    • [[ userProfileTemplateHelper.getLocation(session.user.profile) ]]
  • [[ card.displayName ]]
    • [[ card.displayName ]]
    • [[ card.jobTitle ]]
    • [[ card.companyName ]]
    • [[ userProfileTemplateHelper.getLocation(card) ]]
  • Channel
  • Channel profile
  • Painting a picture of the New Economic Order Sep 30 2020 12:00 pm UTC 90 mins
    James Bird, Fidelity International
    Look back through history society undergoes a major sea-change once every 30-40 years. At Fidelity, we believe that we are at such an inflection point now - politically, socially and from an economic and technological perspective.

    The second half of 2020 is likely to be remembered as the start of a new economic order characterised by a world of increased government intervention with an increased onus on fiscal activism to reboot the global economy from Covid-19 induced recession.

    Within this dynamic, Asia will benefit from being “first in and first out” of the crisis and the theme of emerging Asian leadership looks set to accelerate.

    On the political front, we will also have to grapple with the end of the Brexit transition process - with potentially significant for implications for UK assets and an uncertain and highly charged US presidential election.

    Fidelity’s presentation will paint a picture of this new world outlining where opportunity has emerged as a result of dislocation and reveal how Covid-19 has accelerated several investable trends that were already underway before the pandemic.

    Learning objectives
    • Recognise the key structural trends that will set the global economy into a new economic order and what it means for you and your clients investments.
    • Gain an insight into the rise of Asian leadership and the acceleration of sustainable investing.
    • Understand the three long-term calls for the future
  • How to succeed without your inner critic - Part 2 of 2 Sep 30 2020 11:30 am UTC 35 mins
    Melissa Kidd, Motem Ltd
    Many of us have an inner voice that is telling us we’re not enough – be that clever enough, successful enough, attractive enough. For some of us, it is so familiar that we believe it’s part of our very fabric and we wouldn’t achieve anything without it.

    As such, we rely on it to motivate us and drive us forward but that creates a huge amount of pressure and stress, which can actually erode our capacity to perform at our best. Failure is terrifying because we take that to mean something bad about our sense of self - our identity.

    The thought-provoking sessions will introduce the idea that there are other ways to motivate yourself. This means you can enjoy your work more and can perform at an even higher level whilst reducing anxiety, stress and the risk of burnout.

    Learning objectives

    By the end of this session 2, participants will be able to:

    •Apply a number of different ways to work with it so that overtime you change your relationship with it
    •Recognise alternative helpful strategies to motivate yourself to perform at your peak
  • How Financial Coaching adds massive value to clients and practitioners Sep 30 2020 8:00 am UTC 60 mins
    Simonne Gnessen, Wise Monkey Financial Coaching and Catherine Morgan, The Money Panel
    An increasing number of financial advisers are developing their proposition to include Financial Coaching. Hear from two experienced Financial Coaches: Simonne Gnessen of Wise Monkey Financial Coaching and Catherine Morgan of The Money Panel about its transformational value.

    Discover how Financial Coaching can change lives by uncovering critical beliefs and issues, reduce anxiety by overcoming obstacles, and help the effective use of money in alignment with real goals.

    During this session you will:

    1. Understand how Financial Coaching differs from Financial Advice and how they complement each other.
    2. Understand the benefits of unregulated financial coaching and where the line with regulated advice sits.
    3. Look at how a different sort of conversation can uncover and help deal with client’s irrational behaviours, habitudes and biases.
    4. Identify the difference in skills between adviser and coach and recognise which works best, when.
  • Compelling Client Investment Propositions for all market conditions Sep 28 2020 10:00 am UTC 90 mins
    James Smith, Head of Adviser Services, Dynamic Planner
    Having a compelling Client Investment Proposition is even more important during these challenging and volatile times. Ensuring that a consistent definition of risk is utilized throughout the whole of your investment process will help avoid miscalibration and ensure consistent client outcomes. We will look at the regulatory requirements around ‘knowing your customer and assessing their needs’ along with identifying key principles which will make for engaging client reviews. The presentation will take in interviews with subject matter experts and industry practitioners who will pass on their practical experiences. The use of different mediums for delivery have also enabled advisers to re-assess risk whilst providing reassurance to clients during these uncertain times.

    The learning outcomes cover:
    • How having one definition of risk throughout your client investment planning process helps to avoid the dangers of miscalibration
    • Regulatory considerations and how to ensure the best client outcomes
    • Assessing the robustness of your asset allocation model and the importance of diversification
    • Using the Client Investment Review to provide reassurance whilst increasing engagement
    • How adopting different delivery methods ensures robustness within your Client Service Proposition
  • How to succeed without your inner critic - Part 1 of 2 Recorded: Sep 23 2020 31 mins
    Melissa Kidd, Motem Ltd
    Part 1 of 2
    Many of us have an inner voice that is telling us we’re not enough – be that clever enough, successful enough, attractive enough. For some of us, it is so familiar that we believe it’s part of our very fabric and we wouldn’t achieve anything without it.

    As such, we rely on it to motivate us and drive us forward but that creates a huge amount of pressure and stress, which can actually erode our capacity to perform at our best. Failure is terrifying because we take that to mean something bad about our sense of self - our identity.

    The thought-provoking sessions will introduce the idea that there are other ways to motivate yourself. This means you can enjoy your work more and can perform at an even higher level whilst reducing anxiety, stress and the risk of burnout.

    Learning objectives

    By the end of this session 1, participants will be able to:

    •Describe what an inner critic is
    •Recognise the three ways it manifests
    •Reflect on where it comes from and why we have it
  • How to create a Successful Merger Recorded: Sep 23 2020 61 mins
    Barry Horner, CEO, Paradigm Norton and Ruth Sturkey, Client Director, Paradigm Norton London
    Barry Horner, CEO, Paradigm Norton and Ruth Sturkey, Client Director, Paradigm Norton London and formerly of The Red House merged their firms in 2017. Here they look at what went well, what didn’t work so well, and the role culture plays in creating a successful outcome: getting ready to sell, looking to buy, agreeing the deal and what it’s like three years on.

    During this session you will:
    1. Discover how to identify a merger that works for your firm
    2. Learn how to communicate with your teams during the process
    3. Gain an understanding of how to manage client relationships.
    4. Become aware why culture really matters
  • A New Era for Retirement Income Advice: Part 1 – Advice Principles Recorded: Sep 22 2020 33 mins
    Martin Lines, Business Development Director, Just
    Part 1) Advice Principles - There is no doubt that retirement income has become a very hot topic recently. We have seen a huge amount of activity from the regulator. In this session we’ll be touching on many of the topical regulatory aspects including ‘Suitability2’ and the need for a consistent approach. We’ll be speaking to a number of experts on the key issues and what you can do to respond. But the message is loud and clear. As well as a good culture, firms need to show that there is a robust process in place for retirement advice. Ultimately, of course, the purpose is to introduce a process to produce good consumer outcomes.

    Learning Objectives:
    1. Discuss the main regulatory themes surrounding retirement income advice
    2. Understand the duties on firms and individuals
    3. Recognise the key risks to good outcomes for retiring clients
    4. Understand the need for a consistent advice process for clients in decumulation
    5. Recognise six key steps in designing a centralised retirement proposition
  • The Great Paraplanner Debate Recorded: Sep 18 2020 71 mins
    Caroline Stuart plus guests
    The panel will discuss a number of hot topics suggested by the paraplanning community.
  • Insurance Bond Taxation: You just see what tax band the slice is in, right...? Recorded: Sep 18 2020 66 mins
    Les Cameron, Head of Technical, Prudential
    Insurance bonds have, and continue, to play an essential part in financial planning. In recent years there have been several changes affecting the calculation of tax on any gains. We've seen changes ranging for the time apportionment changes back in 2013, the introduction of the personal savings allowance, and more recently, the "Silver case" resulting in the changes announced in the 2020 Spring Budget. Long gone are the days of checking how much of the slice was in the basic rate tax band to work out your top slicing relief.

    In this session we bring you bang up to date with how the taxation of insurance bond gains works with a focus on the calculation of top slicing relief, and show you how one of Prudential's flagship planning tools can help ease the pain of crunching those tax numbers.

    Learning outcome
    • Understand the taxation of insurance bonds for UK resident individual owners.
    • Understand how Prudential's tools and calculators can assist with tax calculations for bond gains.
  • Session 2 - Trust Planning and Business Relief Recorded: Sep 17 2020 63 mins
    Sam Jermy, Business Development Director, TIME Investments
    The second session will focus primarily on trust planning, starting with the legal concept, the fundamental trust structure as well as the tax regime itself.

    The session will then take a deep dive into number of trusts available to clients, and how the selection of these can be aligned to the clients needs.

    The session will conclude by looking at how trust planning can be combined with BR investments to provide optimal client outcomes. We will use a handful of case studies to demonstrate how this could be used with a variety of different clients.

    Learning Objectives:
    - Explain the legal concept behind trusts and why they are used
    - Understand the key terminology used when describing trusts
    - Appreciate how the selection of trust structures can be aligned to clients’ needs
    - Identify tax-efficient investment opportunities when working with IPDI Trusts
    - Identify the types of clients that could benefit from combining BR with Trust planning
  • Personal Finance Society Annual General Meeting 2020 Recorded: Sep 16 2020 30 mins
    PFS AGM
    Welcome to the first fully virtual Annual General Meeting of The Personal Finance Society. The live broadcast will commence here at 2pm (BST) on Wednesday 16 September 2020.
  • Annual allowance – who’s afraid of the big bad tax charge Recorded: Sep 16 2020 63 mins
    Fiona Hanrahan, Pensions Development and Technical Manager, Royal London
    This presentation starts by covering off some technical aspects of the AA such as how it interacts with tax relief, carry forward, the taper and the MPAA. The options for paying any AA tax charge as discussed also.

    Staying in a scheme and paying the AA tax charge is considered versus opting out of the scheme. Our policy paper discusses more examples.
    Regulatory points around the clients’ best interests and opting out are also discussed.

    Learning Objectives - At the end of this session you will have an understanding of:
    • how the annual, money purchase, and tapered allowances work
    • the operation and advantages of “scheme pays”
    • how to calculate whether an opt-out is suitable
    • other factors impacting suitability
    • regulatory requirements
  • How to create a Financial Planning business that outlasts you Recorded: Sep 16 2020 60 mins
    Chris Budd, The Eternal Business Consultancy
    You have created a profitable business. You are proud of your employees, and you consider many of your clients as friends. How can you sell and still see the business continue so that you, your employees and your clients benefit from the legacy you leave behind?

    Learning objectives

    During this session you will learn about:

    •The exit options available to you
    •The Employee Ownership Trust
    •The four areas of a business to focus on in order to leave a legacy
    •How to truly empower employees
    •How to develop a leadership model
  • Giving suitable Final Salary transfer and retirement income advice Recorded: Sep 15 2020 70 mins
    Kevan Ramanauckis, Canada Life
    Paraplanners have an essential role in helping advisers develop and deliver suitable advice to clients. They work closely with financial advisers and qualified Pension Transfer Specialists. This session will reference Policy Statement 20/6 but, it’s main focus will be looking more closely at client outcomes within Guidance Consultation 20/1, highlighting examples of Good and Poor Practice, as identified by the FCA. Finally, it will seek to highlight some areas where there may be lessons to learn from DB transfer advice, when advising clients generally on how to access their pensions more broadly.

    Learning Objectives:

    To:
    • Understand the FCA’s latest position on DB transfer advice
    • Identify what constitutes good and bad practice and the evidence needed to support the right outcome
    • Identify some lessons learned from DB transfers and their relevance to retirement income advice
  • Get it Write! A Masterclass in Writing Recorded: Sep 9 2020 67 mins
    Melissa Kidd, Director, Motem Ltd
    Helping clients to understand advisor’s recommendations is no easy task. Neither is turning dry data into messages that are straightforward and actionable. It requires intention, focus and skill.

    This engaging and practical session will steer you away from communication traps, help you to write clearly and concisely, which in turn will enable clients to achieve their objectives.

    Learning objectives
    By the end of this session, you will be able to:

    · Use seven tips to help with report writing
    · Write emails that get actioned
    · Apply techniques to craft engaging blogs and articles
  • Session 1 - Inheritance Tax Fundamentals and Business Relief Recorded: Sep 8 2020 66 mins
    Sam Jermy, Business Development Director, TIME Investments
    The first session is designed for those seeking an introduction to Inheritance Tax (IHT) and Business Relief (BR). We will briefly cover the history, evolution and basics of IHT in the UK, including a reminder of the calculation methodology of the nil rate band and residential nil rate band.

    We will then move onto BR, covering the background and rational for the legislation as well as the current rules and conditions for the relief. By the end of the session, you will be familiar with the differences between unquoted and AIM based BR services and appreciate the potential opportunities for clients using these solutions. In addition, you will be able to identify the circumstances where BR investments could be suitable or beneficial, learning some tips and tricks when carrying out BR suitability assessments.

    Learning Objectives:

    - Understand the history and evolution of IHT in the UK
    - Appreciate the intergenerational advice opportunity
    - Understand how to calculate the nil rate band
    - Understand the qualification criteria and how to calculate the residential nil rate band
    - Be familiar with the background and rationale for BR
    - Understand the types of BR qualifying investments available and identify the types of clients that would be suitable for these
  • How Fire Risk Data for Insurance Has Become Hot Property Recorded: Sep 7 2020 32 mins
    Jonathan Guard, Director, Commercial Insurance, LexisNexis Risk Solutions, UK and Ireland
    This 30 minute webinar will look closely at how property insurers can calculate the potential losses from the spread of wildfires and building fires using the latest spatial analysis solutions.

    Learning Objectives:

    - Understand the impact of climate change on the market and how fire spreads
    - Learn the importance of harnessing building footprint data to assess fire risk accurately
    - Look at how data and technology play a key role in calculating accumulation risk that more accurately represents the potential spread of a fire.
  • How clients can invest for impact and financial return Recorded: Sep 3 2020 55 mins
    Ben Constable-Maxwell, Head of Sustainable and Impact Investing, M&G Investments
    The world is facing a rising tide of societal challenges, from the potential chaos associated with the breakdown of our climate, to unsustainable levels of waste and pollution, to vast and growing social inequality. Governments around the world lack the resources needed to deal with these challenges on their own; for example, to achieve the United Nations Sustainable Development Goals (SDGs), it has been estimated that some US$6 trillion a year will need to be spent, but government alone cannot foot this bill, with an annual funding gap assessed to be in the region of some US$2.5 trillion. Because of this, investment capital is vital, and impact investors are playing an increasingly pivotal role in directing this capital where it is most needed. This session will provide delegates an insight into how investors can allocate capital to make a difference, as well as generate a financial return.

    Learning objectives
    • Describe the difference between ESG and Impact Investing
    • Dispel common myths associated with responsible investing
    • List the principles of Impact Investing and how they can applied to listed equities
    • Describe how to construct a diversified, multi-themed impact portfolio

    Speaker bio
    Ben Constable Maxwell is leading M&G’s strategy on impact investing as well as covering sustainability issues such as climate change and circular economy. He has been central to the development of ESG integration within M&G’s investment processes and has supported the development of ESG solutions for clients across asset classes. Ben plays an active industry role as a member of various sustainable and impact investment initiatives, interacting with companies, policymakers, NGOs and other investors. He is a Trustee at Firefly International youth organisation, which provides educational and mental health support for young people in conflict-affected areas in the Balkans and Middle East.
  • Fees, Value and Profit: Getting the Balance Right Recorded: Sep 2 2020 58 mins
    Brett Davidson, FP Advance
    How much should you charge for your work? Well it depends on how well you understand and communicate your value. Get those two things in balance and the profits should take care of themselves. In this webinar Brett Davidson from FP Advance shows you how to communicate your value simply and clearly, so you can charge a premium for your great work, leading to a sustainable and profitable business. Simples.

    During this session you will:

    Discover the easiest way to communicate your value to clients

    Learn how to price your services fairly

    Understand how to find the right balance between fees, value and profitability for your business
  • Future of Advice: Beneath & Beyond - Discussing key themes from AKG’s paper Recorded: Aug 26 2020 69 mins
    Matt Ward, Communications Director, AKG
    Future of Advice: Beneath & Beyond - Discussing key themes from AKG’s sponsored paper and enabling webinar participants to give thought to short-, mid- and long-term challenges and opportunities in the advice sector.

    Intermediary distribution is the lifeblood of financial services companies assessed by AKG. A key part of AKG’s work therefore, in assessing the operational strength/sustainability of these companies, involves close monitoring of the temperature and due consideration of the likely future shape of the intermediary distribution market.

    AKG’s overarching objective was to produce a practical paper which looks at key factors, drivers for change, likely shape of the market and to establish the main challenges and opportunities for intermediary businesses, manufacturers and other relevant parties, primarily over the next two to three years. But also to flag longer-term considerations.

    AKG carried out three separate but complementary market research exercises, with both adviser and consumer audiences, to underpin the delivery of this paper and so associated research findings are referenced throughout.

    Finally, through the research and its findings, AKG also wanted to establish a platform for ongoing industry discussion and debate.

    Speaker bio
    Matt is Communications Director at AKG, joining the company in 2014, and has over 25 years’ industry experience, including previous roles at Defaqto and AXA Equity & Law. Matt leads on communications with companies across AKG’s financial strength assessment sectors (Provider; Offshore; Platform; DFM) and champions the role that consideration of company financial strength/sustainability plays in the research/due diligence exercises carried out by intermediary firms. He is also responsible for delivering AKG’s industry research papers, including output on pension freedoms, equity release, MiFID II and the future of advice.
The professional body for the global financial planning profession
We are the professional body for the financial planning profession in the UK. Our remit is to lead the financial planning community towards higher levels of professionalism exhibited through technical knowledge, client service and ethical practice.

We are part of the Chartered Insurance Institute group and aligned with its Royal Charter that requires we secure and justify the confidence of the public.

Embed in website or blog

Successfully added emails: 0
Remove all
  • Title: Coronavirus - Business Interruption Issues
  • Live at: Apr 3 2020 2:00 pm
  • Presented by: Damian Glynn, Director, Head of Financial Risks, Sedgwick International UK
  • From:
Your email has been sent.
or close