Industry news and views from Panacea and our partners.
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Canada Life: Survey of advisers about Fixed Term Income Products
Pensions Freedom' is a year old. What are your views of the current landscape for retirement income advice? As an adviser we would really like to hear your views.
Prudential: Oracle technical - May edition is now available
Welcome to May's edition. A mixed bag this month. The tax and trust wing await with bated breath the outcome of the bond taxation consultation - will we see the end of the 5% rule as we know it?
FinalytiQ: SIPP Due Diligence: Lowest Common Denominator Is Not Enough
Were delighted to publish the maiden edition of our SIPP Financial Stability Guide. We teamed up with SIPP industry veteran John Moret aka Mr SIPP to provide an unprecedented insight into the financial performance of non-insured bespoke SIPP providers.
The Pensions Regulator - Industry Liaison update May 2016
Our research shows that 79% of employers recall seeing or hearing a recent advert (TV, radio or on the web) and weve had over 690,000 unique visitors to the employers home page since the Workie campaign launch (up to end of March).
Centre for Policy Studies: Response to DWP Committee report concerning the Lifetime ISA
Response to DWP Committee report concerning the Lifetime ISA: reinforce auto-enrolment with a Workplace ISA, to complement the Lifetime ISA
Prudential: planning in 2016/2017
Prudential explores the 2016 Budget and some of the non-pension related opportunities that have arisen.
Prudential research - Regrets? Theyve got a few but pensioners are happy in retirement
More than nine out of ten recently retired pensioners are enjoying their retirement However, two in five pensioners regret their retirement planning decisions Common regrets include not saving enough, not starting to save early enough and not setting a retirement budget
Prudential planning in 2016/2017
Prudential explores the 2016 Budget and some of the non-pension related opportunities that have arisen.
Be careful for what you wish for!
Prudential looks back at the investment markets since March 2015 and considers how investors might have fared with their new-found freedom over how they might access their pension savings.
Royal London: Steve Webb on auto enrolment and FAMR
Weve produced five bite sized videos on the back of our recent adviser roadshows. Over the next few weeks well be sharing these with you.
Royal London: Britain's "Forgotten Army": The collapse in self-employed pension membership - and what to do about it
Pension scheme membership among employees has risen by more than five million in the last four years because of the policy of automatic enrolment into workplace pensions. But Britains army of 4.4 million self-employed people, who account for one in seven of the workforce, are not covered by automatic enrolment.
Canada Life: The blended strategy
Life was a degree more simple before pension freedoms, if clients had modest pension pots they were generally offered a lifetime annuity. This provided a guaranteed income for life. From an advisory position knowing from outset how long the process will take and charging a fee that was in line with client expectations was straightforward.
Prudential - pensions and death Masterclass WebEx
Prudential are running a pensions and death Masterclass on 19 May at 3pm, covering benefit distribution, their tax treatments and the Inheritance Tax treatment of pensions.
Prudential: What does one year on look like?
Prudential looks at the experience for customers, advisers and live offices since the introduction of pensions freedom.
Prudential 1 year on from pensions freedom part 2 maintaining client suitability requirements
Dont forget to register for Prudentials WebEx on 19 May 2016 to help you identify new financial opportunities with your clients.
Royal London: Catch up on our roadshows
Weve produced five bite sized videos on the back of our recent adviser roadshows. Over the next few weeks well share these with you.
Prudential: Welcome to the April edition of Oracle
I cant believe its been a year since I wrote the foreword to our April 2015 Oracle which stated we were about to see one of the most significant changes our industry has witnessed in a generation .
Prudential - 1 year on from pensions freedom part 2 - maintaining client suitability requirements
Register to join Prudentials WebEx on 19 May 2016 to help you identify new financial opportunities with your clients.
April 2016 edition of Oracle - One year on from pensions freedom
Our April issue is here - covering interesting and topical related commentary that could help you to identify new financial opportunities with your clients.
The Pensions Regulator - Industry Liaison special update April 2016
Would you like to attend a business adviser event in Cambridge? We are speaking at an event for business advisers in Cambridge on the morning of Tuesday 10 May. The session is free to attend and youll learn about the tasks employers need to complete to meet their legal duties. Our panel of automatic enrolment experts will take you through the basics, as well as some of the areas business advisers have told us they find more challenging. There will also be plenty of opportunity to ask us questions.
The Pensions Regulator - Industry Liaison update April 2016
New AE regulations effective 6 April 2016 Directors working under an employment contract and LLP partners New exceptions now apply to: a. directors who work under a contract of employment, where there is at least one other employee working for the company (ie the sole employee/director exemption does not apply) b. LLP partners who are workers and are not salaried members under HMRC tax rules (duties continue to apply in full to salaried members).
Prudential Pension Freedoms one year on the Class Of 2016 are positive but cautious
Pension freedoms have made 34 percent of those retiring this year feel more positive about their retirement. Nearly a third are now more likely to take professional finance advice Rule changes have so far had no impact on retirement income plans for three-fifths of those retiring in 2016
Royal London: FAMR a familiar response
Pension specialist, Fiona Tait, takes a look at the Financial Advice Market Review (FAMR) and assesses the three areas where it suggests improvements can be made.
Bringing Guidance Alive Welcome to The Pensions Portal
In order to help product providers communicate with the tens of thousands of customers impacted by Pension Freedoms The Pensions Portal will shortly be launching their first two services which they believe to be game changers in consumer communication.
The cost of freedom, £900m
In July 2015 it became clear that for one major provider, 70% of savers exercising their new pension freedoms withdrew the lot in the first 6 weeks of the so called pension revolution coming into force.
Hughes v Royal London
On 16 February the High Court overturned the Pension Ombudsmans decision in the case Hughes versus Royal London and ruled that we could not block a transfer request to a newly-established SSAS, despite our concerns about the appropriateness of the transfer.
Prudential: 1 year on from pensions freedom Part 1 politics, Pension Wise and planning WebEx
Register to join Prudential's WebEx on 19 April 2016 to help you identify new financial opportunities with your clients. You will hear from a variety of speakers on the theme of 1 year on from pensions freedom.
Royal London: Lifetime ISA - Long term savings scheme or Trojan horse?
Steve Webb, our Director of Policy and External Communications, considers the new Lifetime ISA.
Axa Wealth: The tapering of simplicity
Andy Zanelli, head of technical consultancy, AXA Wealth, examines some of the changes and practical challenges arising from the tapered annual allowance.
BlackRock: The budget: encouraging and articulating the importance of saving
We broadly welcome the budget. However, we would like to see further efforts in helping people to rediscover their savings habits.
Aberdeen Asset Management: UK Budget 2016: Ties that bind
The Chancellor could be forgiven for approaching this Budget with a certain weary resignation. It is, after all, his fourth fiscal statement in 12 months. And he will have been well aware that the constraints he always faces on Budget Day have only tightened over the past year.
The Pensions Regulator - Industry liaison update March 2016
Key AE employer messages March 2016 1. Allow time to choose a pension scheme We recommend that employers allow time to look at different schemes before deciding which is suitable for them and their staff. We believe that large well run master trusts, which have obtained Master Trusts Assurance (MTA), and group personal pension plans (GPPs) authorised by the FCA are a good choice for employers seeking to comply with their automatic enrolment duties. We have published a list of master trusts which have obtained MTA and are open to all employers on our website. You can find a list of GPPs via the link to the ABI on our website.
AXA Wealth: Change is the one constant can technology smooth the journey?
John Haley, technical consultant, AXA Wealth discusses some of the planning considerations advisers face from 6 April 2016 and how technology could help.
FundsNetwork: Pension technical videos
FundsNetwork has produced a series of pension technical videos to help you brush up on your knowledge or prepare for your upcoming pension exams. Designed specifically to help you navigate the complexities of retirement planning, subjects include Death Benefits, Carry Forward, Annual and Lifetime Allowance.
Retirement Choices 2016 Auditorium videos
If you didnt get a chance to attend last weeks virtual exhibition on Retirement Choices, or if you did attend and didnt make it to the auditorium, here is your chance to view the videos made specifically for the event.
Pensions landscape
Talking a month ahead of the March Budget, our panel considers the advantages and drawbacks of the two most likely outcomes for pensions tax relief a flat rate or an ISA-style tax treatment.
Four ways Osborne can secure much needed pensions reform in the 2016 Budget
In a new report The 2016 Budget: Pensions, published by the Centre for Policy Studies on Thursday 18 February, leading analyst Michael Johnson summarises four potential scenarios for much needed pensions reform ahead of the March Budget.
Aviva: Adviser Barometer shows impact of pension reforms
It's been nine months since last year's pension reforms took effect and research from Aviva's latest Adviser Barometer* shows the resilience of the financial adviser market within the constantly-evolving pensions landscape. Nearly three in four advisers (72%) say the pension reforms have had a positive impact, while more than two thirds say the reforms remain the biggest opportunity in the adviser market going forwards.
The Pension Trust: 5 Questions about your DB scheme
Our Answer DB Complete A Fully Bundled DB Service under a Master Trust Less to do Less to pay Less to worry about Managing legacy DB schemes can be a painful business. Theyre expensive, time consuming and something your clients could happily do without.
FinalytiQ: Why A Withdrawal Policy Statement Is Vital In Retirement Planning
Avoiding pound cost ravaging in a retirement portfolio is a bit like running an egg-and-spoon race. Its a big balancing act. With the markets constant throwing tantrums like a toddler deprived of her toys, it can be quite challenging for clients stay on track, especially as they are making withdrawals from their portfolios at the same time.