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

The Exeter Court Hotel
Wednesday, 15 November 2023
8:30 am – 10:00 am (UK time)
    • John Steele, Business Development Manager, Wesleyan

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."

  • The Kennford Room
  • The Exeter Court Hotel
  • Kennford
  • EX6 7UX

CII Accredited

This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.

1 hour's CPD can be claimed for this event if relevant to your learning and development needs.

It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.