PFS launches Suitability Report Writing Guide

The Personal Finance Society (PFS) Paraplanning Panel has published a new guide to support members in writing suitability reports.

 Launched at PFS Purely Paraplanning Conference in May, the new guide offers best practice guidance around what to include in a suitability report, so that clients are equipped to make well informed decisions.

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

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

 Co-author, Laura Royle, said: “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.” 

The Personal Finance Society (PFS)

The Personal Finance Society is a professional body dedicated to building public trust in the insurance and financial planniprofession. Our strapline ‘Standards. Professionalism. Trust.’ embodies our commitment to driving confidence in the power of professional standards: competence, integrity and care for the customer. We deliver that commitment through relevant learning, insightful leadership and an engaged membership. Our 40,000 members commit to high professional standards by maintaining continuing professional development and adhering to a published ethical code.

The Chartered Insurance Institute (CII)

The Chartered Insurance Institute is the professional body dedicated to building trust in the insurance and financial planning profession. Our strapline Standards. Professionalism. Trust. embodies our commitment to driving confidence in the power of professional standards: competence, integrity, and care for the customer.

We deliver that commitment through relevant learning, insightful leadership, and an engaged membership. Our members commit to high professional standards by maintaining continuous professional development and abiding by our Code of Ethics. The Chartered Insurance Institute is proud to be a member of the Chartered Body Alliance and the Institute for Global Insurance Education.