Industry news and views from Panacea and our partners.
Fidelity Adviser Solutions
Fidelity Adviser Solutions: Sustainable investing webinar: building better futures for your clients
Join Fidelity Adviser Solutions at 10:00am on Wednesday 21 June 2023. Fidelity’s Paul Richards, Julia Dreblow, founder of SRI Services and Lee Coates, founder of ESG Accord will discuss how to best support your clients in this type of investing – and how Fidelity can help you achieve this.
Fidelity Adviser Solutions Webinar: Sustainable investing - Building better futures for your clients
With the arrival of a new regulatory framework and sustainability disclosure requirements (SDR), the financial services industry can expect increased scrutiny around how advisers are carrying out their duties to offer sustainable investing opportunities for their clients.
Fidelity Adviser Solutions: The lifetime allowance and the Spring Budget – what does it all mean?
Although the removal of the LTA tax charge is good news for pension savers, there are aspects of the lifetime allowance system that need further examination. Here Fidelity Adviser Solutions look at what we know so far. Download now
Fidelity Adviser Solutions: Your 10 must-do tasks for the start of the 2023/24 tax year
Following the Autumn Statement and the March budget, many tax allowances have either been cut or frozen while the Lifetime Allowance charge has been abolished. Here, Fidelity Adviser Solutions provide a number of ideas to ensure your clients are making the most of their savings and investments.
Fidelity Adviser Solutions: 2023/24 tax tables
Fidelity Adviser Solutions 2023/24 tax tables are available with all the rates and thresholds for the coming year.
Discover Fidelity Adviser Solutions’ new Sustainable Investment Finder
How can you match sustainable investments to the issues your clients really care about? Julie Dreblow of SRI Services explains how Fidelity online tool can help you do just that.
Fidelity Adviser Solutions: Understanding market volatility
After a painful 2022 for investors, it’s understandable if clients are gloomy about the prospects for the stock market over the next year or so. Fidelity Adviser Solutions have created two short guides to support your client conversations. The first looks at how markets have historically anticipated the economy and what this means for investors. The second explains why diversification remains important when building portfolios.
Fidelity Adviser Solutions: Tax year end planning – Investment Accounts and ISAs
Fidelity Adviser Solutions' specific considerations of these accounts including the Bed & ISA option.
Tax relief and the pension annual allowance
Technically, there’s no limit to the amount of pension savings that can be made by an individual in any tax year. However, there is a restriction on the contributions that can receive tax relief. There’s also an overall limit on all contributions that are tested against the annual allowance. Both limits need to be considered and it’s often a good idea to look at each separately. Read the full Fidelity Adviser Solutions' article. 5- min read
Fidelity Adviser Solutions: Talking points – The latest technical insights in one place
A summary of Fidelity Adviser Solutions' latest insights for tax year end.
Fidelity Adviser Solutions: CII AF1 exams are fast approaching
For those of you taking the AF1 exam this February, why not check our video training resources with industry expert Sue Cox. The series includes 12 personal tax and trust planning videos, covering everything from Capital Gains tax to exam techniques.
Fidelity Adviser Solutions: Financial planning framework
Fidelity Adviser Solutions’ checklists are designed to highlight financial planning considerations for Pensions, ISAs and Investment Accounts when approaching the end of the tax year. For instance, while there is no limit to the amount that can be saved into pensions each tax year, there is a limit in respect of the contributions that can potentially receive tax relief.
Fidelity Adviser Solutions: Webinar replay: Planning considerations at tax year end
Catch up on Fidelity Adviser Solutions recent webinar where Paul Richards and Paul Squirrell discussed the use of all the various allowances and any limits and calculations required, capital gains management in light of the Autumn Statement and cash and investment phasing options.
Considerations around pension contributions
Paul Squirrell, Fidelity Adviser Solutions’ pension expert, runs through many of the considerations relating to pension contributions at tax year end. This includes the annual allowance and how tax relief is applied across the various types of contribution, tapered annual allowance, carry forward rules, MPAA and the tax charge.
Fidelity Adviser Solutions: Tax year end planning tools and resources
With changes to UK taxation, many allowances and thresholds will be cut or frozen in 2023/24 and so it is more important than ever that clients maximise their allowances before the end of the tax year. To support you, Fidelity Adviser Solutions’ tax year end hub has everything you need to keep your business moving during this busy time. You’ll find Pension and ISA materials, client reporting, management information reports and tax tables all in one place. Visit the hub
Fidelity Adviser Solutions: The tax year planning webinar: final week to register
Join us for a 45-minute live webinar on Thursday 19 January. Fidelity’s Paul Richards and Paul Squirrell will discuss the use of allowances, including considerations for limits and calculations required and options for investing during market uncertainty. You can also submit your questions in advance of the discussion when you register.
Fidelity Adviser Solutions: A new, revolutionary partnership
Jackie Boylan, Head of Fidelity Adviser Solutions, discusses the new partnership with Mark Evans, CEO of Conquest Planning, and the way in which their software could revolutionise financial planning for advisory firms and their clients.
Fidelity Adviser Solutions: Changes to UK taxation and the potential impact on clients
As the dust settles on the fourth budget of 2022, Fidelity's Paul Squirrell looks at some of the financial planning considerations as a result of the proposed changes to UK taxation. While pension legislation escaped further changes, there could still be some planning adjustments required for some individuals – especially as we approach the tax year end.
Fidelity Adviser Solutions: Identifying sustainable withdrawal rates
Identifying a sustainable withdrawal rate is crucial given the prospect of fund exhaustion has increased. Fidelity's Paul Richards and Paul Squirrell discuss important areas when considering retirement income.
Fidelity Adviser Solutions: Talking Points – the latest technical insights in one place
Navigating the more intricate areas of financial planning can be a challenge. Here a is summary of Fidelity Adviser Solutions latest insights, including phased drawdown vs. UFPLS, sustainable pension withdrawal rates, the cost-of- living crisis affecting the mood of clients, and much more.
Fidelity Adviser Solutions Pension Forum: Taking PCLS after age 75
A client is approaching age 75 and still has some uncrystallised money purchase benefits remaining. What are the rules for taking Pension Commencement Lump Sum payments beyond their 75th birthday? And what is the maximum payment that can be made? Paul Squirrell, Fidelity’s pension expert, considers what the rules permit.
Fidelity Adviser Solutions: Sustainable pension withdrawal rates
Identifying a sustainable withdrawal rate is crucial, given the prospect of fund exhaustion has increased due to a number of factors. The ‘4% rule’ seemed a simple, safe way to ensure income lasts a lifetime, but times have changed.
Fidelity Adviser Solutions: Considerations around the State Pension
The State Pension is an important consideration when managing a client’s retirement income. However, entitlement and the amount due depends on a number of client-specific factors.
Fidelity Adviser Solutions: Challenges and strategies for income in retirement
The introduction of unfettered drawdown means planning an income in retirement is far from straightforward and identifying a sustainable withdrawal rate is crucial given the prospect of fund exhaustion has increased. Fidelity's Paul Richards and Paul Squirrell discuss important areas when considering retirement income.
Fidelity Adviser Solutions: Challenges and strategies for income in retirement
The introduction of unfettered drawdown means planning an income in retirement is far from straightforward and identifying a sustainable withdrawal rate is crucial given the prospect of fund exhaustion has increased. Fidelity's Paul Richards and Paul Squirrell discuss important areas when considering retirement income.
Fidelity Adviser Solutions: The new Consumer Duty: webinar replay
In their latest webinar, Fidelity Adviser Solutions' Paul Richards is joined by Chris Davies of award-winning RegTech provider Model Office and Alex Whitson of VouchedFor, the UK’s largest review platform for financial advisers. They examine what the new rules mean for your firm and the action you may need to take.
Fidelity Adviser Solutions: UFPLS withdrawal and the annual allowance tax charge
Paul Squirrell, our pension expert, answers the latest question raised via our Pension forum. He considers whether an annual allowance tax charge applies to contributions made to a client’s pension in the same tax year as an UFPLS withdrawal was made. The contributions were in excess of the MPAA.
Fidelity Adviser Solutions: A guide to the new Consumer Duty
The FCA has now published the final rules relating to the Consumer Duty. They mean advice firms will have to implement major changes to how they operate and deal with clients on an ongoing basis. The implementation deadlines are extremely challenging given the ramifications of this regulatory directive. Fidelity Adviser Solutions have created a summary of the rules.
The new State Pension – buy now while stocks last?
The State Pension provides a guaranteed, index-linked income and so it’s essential that clients maximise this benefit, where possible. If there are any gaps in their NI record, they may be able to pay voluntary contributions in order to boost their entitlement. Many individuals can currently fill gaps going right back to April 2006 – normally you can only do this for the previous six years. This window of opportunity closes at the end of this tax year.
Fidelity Adviser Solutions: Pensions, retirement and tax planning for advisers
We've now launched the ability for you to do automated regular crystallisations which can be set up, tracked and managed online, with the option to pay regular (monthly, quarterly, half yearly or annually on the 10th or 25th of the month) PCLS only or combined with regular taxable income.