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Admin, HR, legal

Paraplanner

Paraplanners help financial advisers with technical and administrative tasks.

Annual Salary

£24,000 to £45,000

Average UK salary in 2023 was £34,963
(source Office for National Statistics)

Working hours

35 to 38 a week

You could work: evenings / weekends;

2.9%
Future employment

There will be 2.9% more Paraplanner jobs in 2027.

Day to day tasks

As a paraplanner, you'll:

  • prepare and write finance reports
  • research financial funds and products
  • provide admin support to financial advisers
  • put together cash flow analysis
  • keep client records up to date

Working environment

You could work at a client's business, in an office or remotely.

You can get into this job through:

  • a college course
  • an apprenticeship
  • working towards this role
College

You could do a college course which would teach you some of the skills and knowledge you need to be a paraplanner.

Relevant subjects include:

  • Level 3 Certificate In Regulated Financial Services Operations
  • T Level in Finance
  • Level 4 Diploma in Financial Planning

Entry requirements

You'll usually need:

  • 4 or 5 GCSEs at grades 9 to 4 (A* to C), or equivalent, for a level 3 course
  • 1 or 2 A levels, a level 3 diploma or relevant experience for a level 4 or level 5 course
  • 4 or 5 GCSEs at grades 9 to 4 (A* to C), or equivalent, including English and maths for a T Level
For more information
  • guide to T Levels|https://www.tlevels.gov.uk/
  • funding advice|https://www.gov.uk/further-education-courses/financial-help
  • equivalent entry requirements|https://www.gov.uk/what-different-qualification-levels-mean/list-of-qualification-levels
  • search for courses|/find-a-course
Apprenticeship

You could do a Paraplanner Level 4 Higher Apprenticeship.

This will take around 2 years to complete and will include a mix of learning on the job and studying at college.

Entry requirements

You'll usually need:

  • 4 or 5 GCSEs at grades 9 to 4 (A* to C) and A levels, or equivalent, for a higher or degree apprenticeship
For more information
  • equivalent entry requirements|https://www.gov.uk/what-different-qualification-levels-mean/list-of-qualification-levels
  • guide to apprenticeships|https://www.gov.uk/apprenticeships-guide
Work

You could join a company as a trainee and learn on the job.

Your employer might want you to do qualification while you train, such as the CISI level 4 Certificate in Paraplanning.

More information

Professional and industry bodies

You can join a professional body for training opportunities and professional development.

Organisations include:The Chartered Insurance Institute (CII); The Chartered Institute for Securities and Investment (CISI); The London Institute of Banking & Finance (LIBF)

Further information

You can find more information about working in financial services from The London Institute of Banking and Finance.

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You could:specialise in an area of finance like technology or pensions; train to become a financial adviser; become self employed, working as a freelance paraplanner

Skills required and how your skills match up

What skills are required?

You'll need:

  • customer service skills
  • knowledge of economics and accounting
  • maths knowledge
  • to be thorough and pay attention to detail
  • sensitivity and understanding
  • persistence and determination
  • analytical thinking skills
  • excellent verbal communication skills
  • to be able to use a computer and the main software packages competently
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