Face to face, PFS breakfast session - The Evolution of With Profits

We are delighted to welcome John Steele of Wesleyan for this face to face training workshop.

Session Overview:

With-profits policies evolved over many years.

Originally they developed as a means of distributing unplanned surplus, arising e.g. from lower than anticipated death rates.

With-profits investments can form all or part of any investment.

The money you put into a with-profits fund is pooled with other investors' money and invested in a mixture of shares, bonds, property and money market instruments (including cash).

With-profit returns depend on how these underlying investments perform.

Venue: Kennford Suite, Exeter Court Hotel, Kennford, Exeter, EX6 7UX

Timing: Bacon roll, tea coffee & juice at 8.30am, session starts 9.00am and finishes at 10am.

Learning objectives

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

• How generic With-Profits funds work
• Principles and Operating structures, including the smoothing mechanism
• Understanding how Market Valuation Reductions work and their impact on client outcomes
• Valuation of unitised With-Profits and how this differs from traditional / standard With-Profits
• How With-Profits can be used to address specific client outcomes

John Steele - Wesleyan

John says "I’m delighted to cover the South West & South Wales for Wesleyan".

Over 30 years (and the rest!) as a BDM selling With Profits. I started my career on the day of Big Bang (if you can remember that! )

I enjoy meeting Advisers, listening to their client problems & seeing if we can assist

Married with two sons in the Industry!

This is my farewell tour – but it might take a few years."