Industry news and views from Panacea and our partners.
Pensions_
Royal London: How sustainable income levels can protect portfolio strength
Taking a sustainable level of income is important in helping drawdown customers maintain a resilient portfolio during periods of investment volatility.
Old Mutual Wealth: Carry forward and tapering. What are the key considerations?
I find the carry forward rules for the pensions allowance confusing, especially for clients who are subject to tapering. What are the key considerations?
FundsNetwork: Explaining how pension withdrawals are taxed
To aid your client conversations, download FundsNetworks guide 'Explaining how pension withdrawals are taxed'.
Aegon: Using salary sacrifice to put a priority on pensions
Back in 2017, the government reduced the number of employee benefits that would have previously attracted tax savings when arranged through salary sacrifice schemes.
FundsNetwork: Annual allowance and utilising carry forward
To help your clients understand the importance of maximising their pension contributions, check FundsNetworks factsheets on annual allowances and carry forward. You will also find information for clients who are affected by the tapered annual allowance, explaining how this is calculated and what happens if the allowance is exceeded. Visit FundsNetworks tax year end hub and select the Pension tab.
Old Mutual Wealth: Five tax tips that demonstrate the value of advice
Never has it been more important to clearly demonstrate the value of advice. Peace of mind is hard to quantify. The amount of tax saved is not.
FundsNetworks lifetime allowance technical guide
Lifetime allowance (LTA) planning has undergone a range of changes over the years. FundsNetworks technical guide covers the key aspects, such as transitional protection, enhancements and reductions, test trigger events and the LTA charge.
FundsNetwork: Pension considerations a step-by-step approach
Calculating pension allowances for your clients, particularly at this time of the year, can be highly complex. FundsNetworks tax and pension experts, Paul Kennedy and Paul Squirrell, discuss how taking a step-by-step approach to identifying different client circumstances, can help to highlight important considerations.
Aegon: Using salary sacrifice to put a priority on pensions
Back in 2017, the government reduced the number of employee benefits that would have previously attracted tax savings when arranged through salary sacrifice schemes.
Aegon: An update on the lifetime allowance
The standard lifetime allowance (SLA) sets a limit on the amount of pension benefits that can be paid to an individual, by way of lump sums or retirement income, without triggering an additional tax charge.
Aegon: The standard lifetime allowance
The standard lifetime allowance (SLA) sets a limit on the amount of pension benefits that can be paid to an individual, by way of lump sums or retirement income, without triggering an additional tax charge.
Old Mutual Wealth: Making the most of the pension funding tax breaks
The tax advantages associated with registered pension schemes can be enormously beneficial in helping members to secure their financial future.
Legal & General Home Finance Breakfast Roundtables - Using Property Equity for Income
Join our product specialist, Amy Mulvey and our Head of Adviser Sales, Rob Miles at one of six locations, to discuss how you can help shape your clients portfolios by utilising their property equity for income.
FundsNetwork: Your pension and ISA resources in one place
FundsNetwork has launched a dedicated support zone that includes a wide range of useful materials for this time of the year. It provides resources to help planning and aid client discussions, so that they can utilise valuable pension and ISA allowances.
FundsNetwork: Annual allowance and utilising carry forward
To help your clients understand the importance of maximising their pension contributions, check FundsNetworks factsheets on annual allowances and carry forward. You will also find information for clients who are affected by the tapered annual allowance, explaining how this is calculated and what happens if the allowance is exceeded. Visit FundsNetworks tax year end hub and select the Pension tab.
Defaqto: Selecting investment strategies for income
Paul Tinkler, Insight Consultant, will give an introduction to the challenges facing advisers in managing retirement plans for clients in todays marketplace.
Your Future Sipp by Curtis Bank
Were delighted to share that Curtis Banks' new pension, Your Future SIPP, will be available in just a couple of weeks time Before Curtis Banks launch, wed like to share a few more details and provide some independent insight into why their new SIPP is just right for you and your clients, and why Curtis Banks is the right company to provide it.
FundsNetwork: Taking the CII pension exams this April or just need a refresher?
FundsNetworks library of retirement technical videos can help you prepare for the CII pension exams, including a video focusing on exam techniques. The learning outcomes for each topic are listed against the different qualifications, to help you identify which subjects to focus on.
FundsNetwork: Tax year end - Client guide to pension and ISA allowances
To support discussions with your clients, FundsNetworks latest guide to pension and ISA allowances, provides clear and concise information on the importance of maximising the allowances available. It can be downloaded from both the pension and ISA sections of their tax year end support hub.
Old Mutual Wealth: Ten essential drawdown tips
I give you 10 essential drawdown hints and tips you should use with your clients. People who enter drawdown with the help of a financial adviser have got off to a great start. This is because you will ensure they shop around, avoid scams and make decisions that target good outcomes.
Old Mutual Wealth: Pension Masterclasses: Responding to change and dealing with the known knowns
Whatever your clients envisage for their retirement, having the right plans in place is crucial to give them the confidence to enjoy it. Our 2019 pension masterclasses will explore some of the crucial planning issues youll need to know about when delivering pensions advice to your clients. Spaces are limited, so register now to secure your place.
Prudential: The Christmas stocking may be empty but theres a token coming in the Easter egg basket!
As far as pensions are concerned, the budget didnt present as much as a small stocking filler. But just before the Easter Bunny arrives well have a higher lifetime allowance limit. Jacqueline Clezy, Technical Manager at Prudential goes into more detail.
Defaqto: How the Ssas market has evolved
Richard Hulbert discusses how the small self-administered schemes market has evolved.
Royal London: Steve Webb looks back at 2018 in pensions
From DB transfers to Brexit: Steve Webb considers the big stories in pensions from the last 12 months.
L&G: Think you know about annuity underwriting?
Our latest article on How to get the best annuity rate for your client explains that annuity providers never judge or pass comment. In fact, the more the provider knows about their lifestyle, the more likely the consumer is to get the best rate for their circumstances.
Prudential: A birthday to celebrate
Prudentials PruFund Growth in pensions is about to have its 10thbirthday.
FundsNetwork's State Pension guide
It examines the differences between the old and new State Pensions and the options open to clients should they wish to boost their entitlement or defer their income.
L&G: Consumers still confused about pension freedoms
Three years down the line and theres still considerable confusion among retirees about their options at retirement. And its costing them dearly.
FundsNetworks technical matters: pensions and divorce
The pension fund can be a substantial financial investment in divorce settlements, although its ultimate value at retirement is unlikely to be known at the point of divorce. From earmarking to pension sharing and lifetime allowance considerations, FundsNetwork cover many technical aspects that should be taken into account. Their support includes a 9 minute video, a technical guide as well as some bitesize articles.
FundsNetwork's State Pension guide
It examines the differences between the old and new State Pensions and the options open to clients should they wish to boost their entitlement or defer their income.
Prudential: Suitability Matters webinar
Register to join one of Prudentials webinar sessions on Thursday 15 November to help you identify new opportunities with your clients.
Royal London: Join us for a webinar on pensions and divorce
Did you know 42% of UK marriages end in divorce? Find out why its a hot topic in the world of pensions Join Clare Moffat, Head of Business Development at Royal London as she hosts a webinar on Pensions and Divorce on Monday 12 November.
Prudential: How pensions tax relief and Dorian Gray are in the same boat?
As Oscar Wilde wrote in the Picture of Dorian Gray there is only one thing in the world worse than being talked about, and that is not being talked about Mark Devlin, Senior Technical Manager at Prudential explains.
Prudential: Pensions and IHT planning
As Roy Jenkins (the former Labour Chancellor of the Exchequer) once said on inheritance tax (IHT) it is, broadly speaking; a voluntary levy paid by those who distrust their heirs more than they dislike the Inland Revenue, whilst the Inland Revenue is now called HMRC, the principle still applies.
Prudential: Leaving on a jet plane what does this mean for tax relief on future pension contributions?
My bags are packed and Im ready to go but is there anything I should do about my UK pension before I move overseas?
1 in 3 Britons are unaware of how to trace a lost financial product, as NS&I reveals 7 million people admit to losing track of their finances
While losing money is common, with those prone to misplacing things often finding spare change in pockets (66%), bags (37%) and drawers/cupboards (34%), new research from NS&I reveals that 14% of Britons (7 million people) think they may have lost track of a financial product, highlighting the staggering amount of money left dormant with UK financial services providers. And its not just savings accounts, with a fifth (20%) admitting there is a possibility that they have lost track of a pension.
FundsNetwork: Improving the quality of pension transfer advice FCA's final rules
Get up to speed on the latest FCA rules and guidance with FundsNetwork's three-page summary.
Royal London: Older workers represent huge talent pool for employers
Pensions Specialist Helen Morrissey looks at the shift in the typical retirement age shown in the recent UK Labour market statistics.
Royal London: Is there a safe harbour in the triage storm?
Steve Webb looks at how advisers differ in their approach to pension transfer and whether there's a need for standardisation.
FundsNetwork: Pensions and divorce - a technical guide
From earmarking orders, to pension sharing, lifetime allowance considerations and offsetting, FundsNetwork's Pensions and divorce guide covers the important technical details.