Succession and Employee Benefits Planning

Program Overview

Do you know how to structure a succession plan for your client's business to secure your client's exit and retirement? Are you aware of the importance of succession and successor-protection planning? How do you help your client structure an exit timeline and phase in the planned exit? And how do you retain key talent in the company to retain the knowledge base of the business and ensure business continuity and growth? How are you going to structure these insurance propositions?

Through a combination of case studies, discussions, collaborative learning and mini lectures, this Masterclass facilitates the understanding of succession and employee-benefits planning and use various applications of insurance products to address them. This Masterclass constitutes one of the core modules to attaining the CREDIBILITY™ Business Continuity Specialist Designation.

Course Objectives

At the end of this Masterclass, participants will:

• Understand the importance of succession planning and the consequence of not planning
• Understand the challenges of succession and how to address situations whereby the SME owner does not have a willing successor using a combination of insurance products and trust vehicles
• Understand the importance of talent retention and how employee benefits may be used
• Understand and apply the various forms of deferred compensation models to retain a key employee in a SME

Total Training Hours

4 hours (including 0.5 hour MCQ Assessment). Upon completion of this program, participants will be awarded the Certificate of Completion and 4 non-core CPD Training Hours.

Who Should Attend

Financial Planning Professionals, Bank Relationship Managers and Insurance Specialists, Insurance Agents

Course Fee

$350

Funding

This course is recognised under the Financial Training Scheme (FTS) and is eligible for FTS claims subject to all eligibility criteria being met.

Please note that in no way does this represent an endorsement of the quality of the training provider and course. Participants are advised to assess the suitability of the course and its relevance to his/her business activities or job roles.

The FTS is available to eligible entities based on the prevalent funding eligibility, quantum and caps. FTS provides up to 70% course fee subsidy support for direct training costs subject to a cap of S$500 per candidate per course subject to all eligibility criteria being met.

Find out more on www.ibf.org.sg

Facilitator

Ronald Wong - Ronald has a 3-E Mission in the Marketplace: to Educate the public about the importance of financial planning, to Encourage them to take practical actions for their financial future, and to Empower them to make the right choices with a positive attitude to take personal responsibility about their financial future.