New Guide Aims to Improve Suitability Reports for Clients

The Personal Finance Society (PFS) Paraplanning Panel has launched a new guide to support its members in writing suitability reports. The guide, launched at the PFS Purely Paraplanning Conference in May, offers best practice guidance on what to include in a suitability report, enabling clients to make well-informed decisions.

Paraplanners can now access a new guide to improve suitability reports.

The guide was produced by Alan Gow, Laura Royle, and Philip Greenwood of the PFS Paraplanning Panel, alongside Melissa Kidd, Director of Motem Ltd. It covers all areas of suitability report writing, including language and tone, structure, risk profile, potential disadvantages, investment strategy, and performance comparison.

“The guide goes back to basics to provide practical guidance for writing suitability reports.”

“The aim is to help paraplanners write clear and concise reports that are compliant, inclusive, and engaging – reports that clients will want to read.” - Laura Royle

The free guidance features examples of good and bad practice, specific, measurable, achievable, relevant, and timebound (SMART) objectives, and top tips, as well as accessibility resources to accommodate clients with different needs.

The guide provides practical guidance on writing suitability reports.

The launch of this guide is a significant step forward in improving the quality of suitability reports, enabling clients to make informed decisions about their financial futures.

The guide aims to improve the quality of suitability reports for clients.