Industry news and views from Panacea and our partners.
Pension Reforms_
Engage Insight: New pension rules - Runway to Retirement research paper
This research paper focuses on 135 high net worth pension investors and the impact of the new pension freedom rules on their retirement journey.
Standard Life Investments: Decumulation thought leadership The Evolution of the Centralised Retirement Proposition
Theres no escaping the news that the pensions industry is being revolutionised. Last year, the Chancellor introduced the most radical reforms in a century. This year, that freedom and choice was extended to another five million pensioners, who are now be able to sell on their current annuity.
Canada Life: Advisers report just 16% of clients understand new pension freedoms
In a recent survey conducted by Canada Life, Advisers reported that only 16% of their clients understood the new pension freedoms, highlighting the increasingly important role advisers have to play in guiding customers through retirement income planning.
Welcome to the BirthStar® CPD Research Series
Our research is designed to help advisers navigate the new retirement freedoms to target better outcomes for their clients. The BirthStar® Research Series papers are triple accredited by leading industry bodies - the IFP, PFS and PMI.
Aegon: Prioritising pensions will help women close the gap on their male colleagues
Last week Nobel laureate Sir Tim Hunt lit a fire under the gender equality debate and the flames of discussion are still burning across the national medias front pages.
Panacea Adviser - Pension Reform Microsite
Panacea has developed a specific Pensions Reform microsite which allows us to provide you with everything relevant to pension reforms all in one place.
Aegon: Pension freedoms and tax planning what your clients need to know
Your clients now have more ways to use their pension funds. At Aegon, we appreciate that explaining this can be complex.
Scottish Widows: Pension Freedoms Month 2
Interest in Pension Freedoms remains unabated in the press with many stories appearing about who is doing what however there is little concrete evidence as to what is actually happening.
Royal London: How people are spending their pension fund
Jamie Clark tells you about Royal Londons experience so far and enlightens us to what clients are spending their pension pots on
Prudential: Advice opportunity - Managing clients nominations
Pensions Freedom has put pension planning in the spotlight - removing many of the constraints that used to exist for taking pension benefits - and it has liberated the ability to pass on benefits on death.
The Pension regulator: View our video on director exemptions
Find out if your director clients are exempt from the automatic enrolment duties. Click on the link below.
AE in a Box, Rainy Sundays and how frustration creates ideas
About 18 months ago, on a rainy Sunday night, I was sitting at home feeling uneasy. I was trying to read but found myself constantly distracted by a thought which wouldnt go away. The thought was about a particularly annoying challenge I faced within my business which Id been struggling to get my head around for a couple of weeks. You see, at that stage we were helping a number of relatively large employers with the process of auto enrolment.
Royal London: The FCA's 5 remedies for retirement information
From 2016, the way that people will be told about their pension options will change. Here's a summary of what the FCA are proposing.
Scottish Widows: Supporting you and your clients with pension freedoms solutions
The new pension freedoms announced last year have revolutionised the way we think about pensions, creating more opportunities for you to support your clients.
Scottish Widows: Helping your clients understand Pension Freedoms
Our servicing and communications strategy Our new comprehensive servicing and communications strategy will cover every key customer touch point and has a consistent call to action to seek financial advice:
Aviva: In the spotlight this week - Stephen Gazzard
Steve Gazzard talks about the opportunities for advisers arising from changes to pension legislation.
Scottish Widows: So Pension Freedoms have arrived is it a big deal?
For many advisers April 6th and Pension Freedoms has arrived and passed without making too much of ripple and in some of the financial press the first day was described as a bit of a damp squib. However in provider land the reality has been a bit different with large numbers of customers getting in touch to look into their options, and large numbers have got in touch to access their cash.
Scottish Widows: 5 steps to help you plan for your retirement
With the new Government pension rules coming into place in April 2015, its important to understand the changes and review your pension options.
FUNDSNETWORK SUPPORTS ADVISERS IN THE BRAVE NEW WORLD OF DECUMULATION PLANNING WITH 20 NEW NATIONWIDE SEMINARS
20 regional seminars led by Paul Kennedy, Head of Tax and Trust Planning at FundsNetwork Designed to support advisory firms around the newly implemented pension changes Seminars provide 3 hours of CPD accreditation FundsNetwork is hitting the road again and continuing its adviser support programme around the pension changes by running 20 nationwide seminars focussed on decumulation planning.
Scottish Widows Techtalk
Our technical magazine for financial advisers Techtalk is our free online magazine which is written by our technical experts3 and provides technically relevant, up-to-date information. The key rationale of techtalk, and indeed one of the reasons it is so popular amongst financial advisers, is the non-sales, non-promotional approach of the articles. The overall theme is to anticipate, interpret and forecast key industry changes and regulation.
Royal London: Pension freedoms knowledge builder
Watch our video on the new era of retirement to ensure you're ready for the new flexible pension legislation changes.
Prudential: Pensions Freedom WebEx series sign up now!
Prudential are delighted to be running a series of WebExes on the new pensions freedom aimed at helping you identify new financial opportunities with your clients.
Free guide to investing in retirement age available from AILO
The Association of International Life Offices (AILO) offers a free guide to help those of retirement age make decisions about how to use an established pension pot.
Royal London: Everything but the pension
George Osborne was really rather smart last April. At the same time as telling people they could spend their pensions as they liked he gave some very powerful reasons why they shouldnt. In fact for some people their pension should probably be the very LAST thing they spend.
Fidelity Worldwide Investment - Pension freedom trends over Bank Holiday
Coming into effect, Fidelity Worldwide Investment has already observed trends in customer requests and recurrent misunderstandings around the new pension freedoms.
FundsNetwork: Were ready for the pension revolution
Following the Chancellors momentous announcements on retirement last year, the new era of choice and freedom in retirement is almost upon us. As I mentioned in the November issue of Fwd: magazine, the changes represent an enormous opportunity for advisers and at FundsNetwork, weve been working hard to make sure you can take full advantage from day one.
Standard Life Investments: The investment challenges of decumulation
The new pension freedoms The significance of volatility Innovative multi-asset strategies to help achieve retirement goals
ADVISORY FIRMS SPLIT ON BUSINESS STRATEGY FOLLOWING PENSION REFORMS, REVEALS FUNDSNETWORK SURVEY
43% of advisory firms likely to increase their focus on retirement planning over the next 12 months but 44% have no plans to change Nearly half of firms think at-retirement advice fees will increase post-April 2015 but 41% think they will remain static Majority of advisers believe there is a need for new products post-April 2015
Scottish Widows: Getting your potential clients planning
This years pension reforms mean that the landscape for you and your clients is changing like never before. Scottish Widows new Change your life in an hour campaign aims to get people thinking about their plans for retirement and highlights the benefits of good financial advice. We want people to be prepared and informed for their discussions with you.
TISA: LTA Factsheets
The Government is reducing the Lifetime Allowance for pension savings from £1.25 million to £1 million from April 2016. From 2018-19, the Lifetime Allowance will be increased by inflation (the Consumer Prices Index). This factsheet will help you understand if this change might affect you.
Royal London: Defined benefits and the MPAA
From April anyone taking income from a Flexi-Access Drawdown (FAD) plan or using an Uncrystallised Funds Pension Lump sum (UFPLS) will trigger the Money Purchase Annual Allowance (MPAA) of £10,000.
Schroders: Picture the perfect retirement
I am sure you have had many conversations with your clients about the imminent changes to pension rules and their impact on retirement financial planning.
Prudential: Freedom and Choice
Last year, the Budget proposals for pensions were seen as the biggest changes for many years. These changes give clients greater freedom and personal responsibility as to how they use their pension fund to provide income.
Over half of advisory firms see business boosted by pension reforms, reveals FundsNetwork adviser class of 2015 survey
According to FundsNetworks inaugural Adviser Class of 2015 survey, over half of advisory firms (53%) have claimed that they have already seen a positive impact on their businesses as a result of the pension reforms*.
Scottish Widows: Supporting you and your clients with pension freedoms solutions
The new pension freedoms announced last year have revolutionised the way we think about pensions, creating more opportunities for you to support your clients.
FundsNetwork: Tomorrows opportunity. Todays pension solution
There are, of course, many things to consider when choosing a pension. Firstly, it needs to offer your clients choice, flexibility and value for money. Secondly, and importantly, it needs to fit in with your business. Finally, it needs .
Aegon invests 4,500 hours in salesforce training ahead of Aprils pension flexibilities
Aegon has invested in training ahead of Aprils pension reforms to ensure that its salesforce is fully prepared to support advisers and their clients through the changes.
LV= Announces retirement webinars for advisers
Retirement specialist LV= is hosting a series of five retirement webinars for advisers who want to look at how they can make the most of the opportunities the pension reforms offer them and their clients.
FundsNetwork: The changing landscape a dive into pension drawdown
With increased flexibility available to retirees from April, there could be a real market focus on the suitability of drawdown advice. FundsNetworks new report, produced with help from Defaqto, can support your approach to pension drawdown with your clients.
LV= Personal Pension and Drawdown No signature required
Were always looking to make your life easier and speed up our processes, so weve now launched signatureless applications run a quote and submit the application from your desktop with no client signature required!