Industry news and views from Panacea and our partners.
Fidelity Adviser Solutions
FundsNetwork: Taking CII exams next month?
With over five hours of content, broken down in snippets of eight-minute tutorials, FundsNetwork's library of retirement technical videos can help you prepare for CII pension exams. Their video focusing on exam technique tips is particularly popular at this time of year.
FundsNetwork: Client-facing guide to pension and ISA allowances
FundsNetwork’s guide to pension and ISA allowances can help support your conversations with clients at this time of the year. It sets out the key information your clients may need about tax to understand how they can make the most of their savings. You'll find this guide under the 'Client' segment in both the 'Pension' and 'ISA' sections of FundsNetwork’s tax year end hub.
FundsNetwork: Tax relief, annual allowances, tapering and what triggers the money purchase annual allowance
Calculating clients' pension allowances, particularly at tax year end, can be complex. Paul Kennedy and Paul Squirrell, FundsNetwork’s tax and pension experts, discuss the many steps involved in the process. From the critical starting point of tax relief they also discuss carry forward, annual allowances, tapering and what triggers the money purchase annual allowance.
FundsNework: Money purchase annual allowance (MPAA)
Watch this short FundsNetwork's retirement video explaining the intricacies of the MPAA. What happens when it is exceeded, what's the impact on the annual allowance, what events trigger it, and much more.
FundsNetwork: Retirement technical training
Studying for your CII pension exams (J05, R04, R08, AF3 and AF7)? Then, take a look at FundsNetwork's range of 47 videos.
Fundsnetwork: PROD 3 and 4 – what you need to know
As part of MiFID II, the FCA introduced the Product Intervention and Product Governance Sourcebook (PROD) rules in January 2018. Research has shown that some advisers are unaware of how the rules apply to them.
FundsNetwork's Pension lifetime allowance guide
Planning has undergone a range of changes over the years. FundsNetwork's guide covers areas such as transitional protection, enhancements and reductions, test trigger events and the LTA charge.
FundsNetwork: Pension lifetime allowance
Planning has undergone a range of changes over the years. FundsNetwork’s guide covers areas such as transitional protection, enhancements and reductions, test trigger events and the LTA charge.
FundsNetwork's tax and pension technical materials
To help your discussions with clients at this time of year, our range of client-facing guides explain the more complicated aspects of pensions and allowances, in simple terms
FundsNetwork's tax year end material to help client discussions
To help you plan and implement campaigns during this key period, FundsNetwork's tax year end hub brings together a whole range of material to support your activity and client discussions.
FundsNetwork: Senior Managers and Certification Regime (SM&CR)
A new regulatory regime is beginning – is your firm ready? The FCA has extended the Senior Managers and Certification Regime (SM&CR) to all solo-regulated firms from 9 December 2019.
FundsNetwork: Tax and pension technical content all in one place
The whole area of retirement planning is arguably more complex than ever before, so FundsNetwork have pulled together a range of topics that have been popular with advisers and paraplanners in recent months. The toolkit allows you to easily navigate to the content of most interest to you.
FundsNetwork: Pension death benefits and the tax implications
As pensions can play a dynamic role in terms of succession and inheritance tax planning, FundsNetwork uncover the various technical aspects involved in a series of articles and videos. They look at the type of death benefits payable and the tax implications under both defined and money purchase schemes. To find out more, check chapters 3, 4 and 11 of their 'Retirement planning and pension toolkit'.
FundsNetwork: The State Pension: the new vs. the old
In their technical guide FundsNetwork examine the differences between the new and the old State Pensions and the options open to clients should they wish to boost their entitlement by deferring their State Pension.
FundsNetwork: The annual allowance: key considerations for pension contributions
FundsNetwork look at the key considerations around the annual allowance – what it is and how it works. He explores the following in detail
FundsNetwork’s retirement and pension training Money purchase annual allowance (MPAA)
A step-by-step approach to explain the intricacies of the MPAA. What happens when it is exceeded, what's the impact on the annual allowance, what events trigger it, and much more.
FundsNetwork: Explaining how pension withdrawals are taxed
HMRC has paid back £480m to taxpayers since the introduction of the pension freedoms (FT Adviser 31/07/19). To support you and your clients, FundsNetwork have created a practical guide where they explain how the tax on pension withdrawals is administered and outline the process for reclaiming any overpaid tax.
FundsNetwork: Building profitable practices
What are the key business challenges facing advisory firms? And what does it take to run a profitable practice? From boosting productivity to hiring the right people, how can you help make your business a success?
FundsNetwork: Do your passwords pass the password test?
Passwords are an obvious way to prevent unauthorised access, although they need to be strong, robust and ideally unique, to be effective. Staff should therefore be encouraged to take great care when setting security details. FundsNetwork have created a checklist where they've highlighted some important tips to promote password best practice.
FundsNetwork: Introducing bite-sized pointers (to help drive profitability for your business)
Research from FundsNetwork shows that business management issues, such as training new staff and succession planning, are a key challenge for over one quarter of financial advisers.
FundsNetwork: The top six ways to spot a phishing attack
Phishing is an attempt to gather personal information or to compromise technology for the purpose of financial gain or malicious activities. Everyday millions of phishing emails are sent out to unsuspecting victims all over the world. FundsNetwork have created a checklist to help you detect them.
FundsNetwork: October is Cybersecurity Awareness Month
What’s your firm’s cybersecurity strategy? How do you assess the security of your platform partners? Would you know how to spot a phishing attack?
FundsNetwork: The State Pension – the new vs. the old
The State Pension is an important consideration when managing a client’s overall income in retirement. Here FundsNetwork examine the differences between the old and new State Pensions and the options open to clients should they wish to boost their entitlement by deferring their State Pension.
Recommending FundsNetwork’s ISA and Investment Account to your clients
FundsNetwork’s due diligence guide covers the reasons why you can recommend their ISA and Investment Account to your clients. It provides detailed information about our service and commitment, including the investment range, income options, bulk switching and much more.
FundsNetwork: Taking pension exams next month?
With over five hours of content, broken down in short chapters, FundsNetwork's library of retirement technical videos can help you prepare for CII pension exams. Their video focusing on exam techniques is particularly popular at this time of year. Topics include, defined benefit transfer advice, death benefits, lifetime and annual allowances and pension protection.
FundsNetwork: Top pension topics for your CII exam revision
With the CII exams getting closer, you may find FundsNetwork's library of over 40 videos valuable for your final preparation.
FundsNetwork: 10 steps to protect your business from a cyber attack
FundsNetwork have put together some easy and effective ways to reduce your firm’s exposure to cyber attacks based on guidance from the National Cyber Security Centre.
FundsNetwork: The 12 security-related questions firms should be asking their platform partner
FundsNetwork have created a checklist to help your due diligence around keeping your clients' data and assets safe.
FundsNetwork: FCA Consultation Paper CP19/25 - Contingent charging and other proposed changes
The FCA has just published a package of pension-related proposals designed to improve the quality of pension transfer advice and to help consumers get better value from their pension.
FundsNetwork: Retirement Outcomes Review – PS19/21
The FCA has now issued their final rules on a second tranche of remedies PS19/21. One of the key points is that pension providers must give consumers in decumulation annual information on costs and charges. Here FundsNetwork briefly summarised the main areas from the Policy Statement.