Industry news and views from Panacea and our partners.
Pensions_
Prudential: What limit applies to employer pension contributions?
Prudentials technical helpline are frequently asked what is the maximum employer pension contribution that can be paid.
Aviva: Client confusion over pension freedoms
In March 2014 Chancellor of the Exchequer George Osborne announced the most fundamental reform to the way people can access their pensions in almost a century. Since then, our industry has been talking about it for what seems like a century.
FundsNetwork: Taking CII pension exams next month?
Our resource of 36 technical videos can help you prepare for taking pension qualifications. Latest topics include tax relief and defined benefit schemes issues and considerations when transferring away. A helpful tool to your exam preparation.
FundsNetwork: Defined benefit transfer considerations
Our latest pension technical videos focus on the issues to be considered when looking at transferring out of defined benefit schemes. Designed to help advisers prepare for taking CII pension qualifications, the videos are also a useful resource for anyone looking to brush up on their knowledge.
Prudential: Public sector news and views Q1 2017
Moira Warner, Technical Manager at Prudential looks at Public sector news and views - Q1 2017.
Prudential: How much can I contribute to my pension if both a tapered annual allowance and the money purchase annual allowance apply?
In the fourth article of Prudentials trust series, Technical Manager Helen OHagan makes the trust journey simpler and less complex. Last month she looked at discounted gift trusts and this time she covers excluded property trusts.
Utmost Wealth Solutions: Maximising tax-free savings allowances in retirement
In our latest article, John Haley, Technical Sales Manager, uses case study examples to discuss how offshore bonds can be used as part of a wider retirement strategy, and how clients may have more opportunity to use the allowances available to them if they have a range of tax wrappers in place.
Pan-European Personal Pension: on track at last?
FECIF, the European Federation of Financial Advisers and Intermediaries, welcomes the European Commissions initiative on the Pan European Personal Pension products (PEPP).
The Pension Regulator: Would you make the grade if we carried out a spot check on your clients?
Weve started carrying out spot checks across the UK, to ensure employers are complying with their AE duties.
Aviva: More flexibility for your individual personal pension clients
Single income withdrawals option launched on individual personal pensions at Aviva
Aviva: Pension freedoms: what do clients think?
How clients have reacted to greater access to their savings. Since George Osborne stood up in the House of Commons on 19th March 2014 to announce the most fundamental reform to the way people can access their pension in almost a century, our industry has been talking about it, for what seems like a century.
Aviva: More choice for your pension clients
Find out how we've changed our personal and group personal pensions to support the new pension freedom choices. With more options available, weve refreshed our UK personal pensions to give customers the flexibility they need to take money from their pensions. Full drawdown arrangements are not in place yet: more flexibility is coming later this year.
Prudential: Your client unexpectedly receives a Pensions Savings Statement what next?
When your client's scheme sends a Pension Savings Statement, is there always a tax charge to pay? Jacqueline Clezy, Technical Specialist at Prudential considers the common questions your clients may ask.
Just: Steering clear of the Money Purchase Annual Allowance
The legislation to reduce the Money Purchase Annual Allowance (MPAA) has been delayed because of the general election in June 2017. The government has confirmed that the reduction will still go ahead, but it is not yet clear if it will still be effective from 6 April 2017.
Aviva: Are pensions moving into the digital age?
In our latest Real Retirement report, weve taken a look at how people aged 45 and over use technology to manage their day-to-day lives.
The Pension Regulator: Free automatic enrolment seminars for business advisers
Join us for a free half-day seminar where our team of AE experts will take you through the essentials of AE from first principles, as well as covering areas such as re-enrolment and how automatic enrolment will affect any of your clients who have become employers for the first time.
The Pension Regulator: Instant pension duties for new employers
From October 2017, all new employers will have automatic enrolment duties from the date they employ their first member of staff. Weve added new guidance and tools on our website for you and your clients, and well also be writing to them about their new duties.
Prudential: Would you take a tennis racquet fishing?
Les Cameron, Head of Technical at Prudential, explores defined benefit pension transfers from a technical viewpoint, tackling the topics such as transfer values and transfer drivers.
The Pension Regulator: Check your controls in wake of cyber attacks
The recent global ransomware attacks have highlighted the importance of knowing what you, your administrators, IT services and other providers are doing to keep your information safe.
Time to talk Retirement Plans
Prudential launch their next Time to Talk campaign, which opens up a wide range of opportunities for you to talk to your clients about their retirement planning and how Prudential can help its Time to Talk Retirement Plans.
Royal London: What triggers the MPAA?
Theres sometimes confusion around what triggers the money purchase annual allowance. Find out what does and what doesnt trigger the MPAA.
Aviva: Pensions v buy to let what do your clients need to know?
In our latest Financial Planning Bulletin, we look at pensions and buy to let investments and compare: tax treatment investment risks, and access rules
Just: Volatility ahead is it time for John to lock in gains?
Johns attitude to risk has changed. He doesnt want to see a repeat of the volatility hes experienced. See how understanding his health enables a smaller proportion of his fund to be used to secure a regular income, whilst leaving the larger proportion invested for his childrens future.
Prudential Oracle Quarterly April edition
Welcome to Prudentials April 2017 edition of Oracle. In this edition theyre taking a look at defined benefit pension transfers and due diligence, which have been the subject of much regulatory attention of late.
Just: 4% withdrawal rate why take the risk?
For drawdown clients, if 4% of the initial investment is a rule of thumb withdrawal that could be made every year, why not secure this with income guaranteed for life? Find out how personalised underwriting can lower the cost and help balance retirement incomefreedom, choice and certainty.
FundsNetwork: Paul Kennedy's taxes every which way tour 2017
Paul Kennedy, FundsNetworks Head of Tax and Trust Planning, is on the road again with his latest series of tax and pension planning seminars.
The Pensions Regulator: steps up steps up inspections with spot check on employers
Spot checks are to be carried out on employers across the UK to make sure they are complying with their workplace pensions duties. While compliance remains in the high nineties and workplace saving is now the norm, TPR will continue to build on this success through its communications, intelligence gathering and enforcement work.
Prudential: Oracle Technical February edition
February already! Busier than ever, helpline phones and emails have been hot with 500 more queries this January than last. Anyone would think things were getting more complicated And only a few weeks away from the first of what will be two budgets this year!
The Pensions Regulator - Industry update February 2017
Welcome to your February update this regular e-newsletter brings you TPRs latest automatic enrolment (AE) and pensions news and tips for your sector.
FundsNetwork: Allowances and pension contributions at tax year end
Calculating pension allowances for your clients, particularly at this time of the year, can be highly complex. With this in mind we thought you might find FundsNetworks latest video of interest.
Prudential: When a checklist gives you a Defined Benefit!
Its estimated that one in three working people in the UK will reach retirement by 2020*. And within 20 years, nearly a quarter of the UK population will be aged 65 or over around an estimated 20 million people.**
Aviva: Are pensions moving into the digital age?
In our latest Real Retirement report, weve taken a look at how people aged 45 and over use technology to manage their day-to-day lives. Most people wont leave home without their smartphones and broadband is right up there with water and electricity as an essential utility these days. The evidence shows that our lives are now moving increasingly online.
Aviva: Sign up now for an auto-enrolment seminar near you
According to The Pensions Regulator statistics, it's estimated that over 395,000 small businesses are due to stage for auto-enrolment in 2017.
FundsNetwork: Annual allowances and utilising carry forward
In order to help your clients understand the importance of maximising their pension contributions at this time of year, FundsNetwork have useful factsheets on annual allowances and carry forward. Theres also information for your clients who are affected by the tapered annual allowance, explaining how this is calculated and what happens if the allowance is exceeded.
Are pensions moving into the digital age?
In our latest Real Retirement report, weve taken a look at how people aged 45 and over use technology to manage their day-to-day lives. Most people wont leave home without their smartphones and broadband is right up there with water and electricity as an essential utility these days. The evidence shows that our lives are now moving increasingly online.
The Pensions Regulator - Industry update January 2017
Welcome to your January update this monthly e-newsletter brings you TPRs latest automatic enrolment (AE) and pensions news and tips for your sector. If youve been sent this email by a colleague, just email me with the word subscribe in the subject title and well add you to our mailing list. We will continue to keep you abreast of new developments and welcome your comments and feedback.
Royal London: Steve Webb webinar - Pension landscape 2017
Please join us from 09.30am 10.30am on Thursday, 09 February 2017 for a webinar. Steve Webb, Director of Policy at Royal London will discuss the outlook for pensions in 2017 and update you on the latest research which Royal London has undertaken. Steve will discuss:
James Hay: Proposed changes to the Money Purchase Annual Allowance
Dont wait around for changes in pension tax relief, understand changes to the MPAA before they happen.
Prudential: Minimising risk and maximising certainty Seminars
Prudential are delivering 19 seminars around the country to help advisers find a way through the uncertainty in investment markets, and to aid effective pension planning.
Means tested benefits and pension flexibility - how this could affect your client
Since the introduction of pension freedoms and the ability to withdraw any amount of the remaining pension fund, much technical focus has been on the tax implications of this, and the changes to death benefits. One area thats been overlooked is the interaction of pension flexibilities with means tested benefits.