Industry news and views from Panacea and our partners.
Pensions_
Increase to the NMPA: a brief examination of the consultation paper
The Government has recently reaffirmed its intention to increase the normal minimum pension age (NMPA) from 55 to 57 from 6 April 2028. Paul Kennedy, FundsNetwork's tax expert, takes a look at some salient points within the consultation paper and makes a few observations.
FundsNetwork: Financial planning considerations around Pensions, IAs and ISAs
FundsNetwork tax and pensions experts, Paul Kennedy and Paul Squirrell take a look at three tax wrappers Pensions, Investment Accounts and ISAs and discuss important financial planning considerations that surround them at tax year end.
FundsNetwork's Pension and ISA allowances guide
FundsNetwork's client guide Reap the benefits of tax efficient savings provides the key tax information that your clients need to make the most of their annual allowances. You can download it from either the Pension or ISA sections of your end of tax year hub.
FundsNetwork: Pensions in-depth: the lifetime allowance
Paul Kennedy and Paul Squirrell, FundsNetworks tax and pension experts, discuss some important considerations around the initial phase of planning, on establishing the clients individual lifetime allowance.
Prudential webinar Time for some mid (tax) year annual allowance work?
One of the most important dates in the annual allowance cycle is the 6 October. This is the date when schemes are quired to issue pensions savings statements for those that have breached their annual allowance or money purchase annual allowance.
FundsNetwork: Pensions in-depth: tax relief and annual allowance
Paul Kennedy and Paul Squirrell, FundsNetworks tax and pension experts, take an in-depth look at the laws and mechanisms underpinning tax relief on pension contributions and matters relating to annual allowances, tapered annual allowance and tax charges.
Curtis Banks: Staveley update
On 19 August the Supreme Court judgment in the Staveley inheritance tax case was released, bringing the case to a close six years after the First Tier Tribunal ruling.
Curtis Banks: Commercial property
Many people are aware that its possible to invest in commercial property using a pension, but arent entirely sure how it works in practice. Our Property Guide aims to give a comprehensive introduction to this area of investing
Curtis Banks: Technical Focus Live webinar series
Our Technical Focus Live webinar series is available now on our CPD On Demand hub, where you can catch up on our CPD accredited material at a time that suits you.
Curtis Banks: Investment options
When people think of investment flexibility in SIPPs, they often think about unusual assets. However, flexibility can also mean being able to hold a range of investment solutions and accounts within the same pension wrapper.
Curtis Banks: Case studies and fact sheets
We have an extensive range of fact sheets and case studies available on our website great for a quick refresh of a particular topic or to see how a rule works in practice.
Curtis Banks: Challenge Accepted webinars
Do you know anyone whos just starting out in financial services and would like an introduction to the world of pensions? Our CPD accredited Challenge Accepted webinar series is available to watch on our CPD On Demand hub.
Curtis Banks: Best SIPP Provider
Did you know that Curtis Banks won Best SIPP Provider at the Investment Life & Pensions Moneyfacts awards in 2020? Discover what makes us an award winning provider.
Curtis Banks: Have you met the Joneses?
Dont miss the chance to register for Curtis Bankss latest webinar on 29 October. Our fictional family helps demonstrate intergenerational planning issues through a series of CPD accredited case studies and webinars.
Hymans Robertson: Five things Financial Advisors can do right now to manage responsible investment
Five simple steps you can take right now to keep on top of all things ESG, helping your clients get the most bang for their buck.
FundsNetwork: CII exams are fast approaching
Get exam ready with FundsNetworks bitesize eight-minute tutorials. Their video library of over five hours' worth of technical content can help you prepare.
FundsNetwork: Pension transfer advice: summary of the FCA PS 20/6
The FCA have issued Policy Statement PS 20/6, which lays down a number of new rules in order to improve the quality of DB transfer advice. Here, through a series of infographics, FundsNetwork summarise some of the key points affecting advisory firms from 1 October 2020.
Royal London: The secret life of pensions Everything your clients need to know about where their pension money goes
It's Pension Awareness Week and its no secret the average person knows little about their pension.
FundsNetwork: Taking the CII pension exams this October or just need a refresher?
Our library of retirement technical videos can help you prepare for CII pension exams, including a video focusing on exam technique tips.
Prudential: Where do you want your clients (investment) recovery to happen?
When investing for the longer term its almost inevitable that you will experience a market downturn at some point and last month I wrote about tax points to remember if your clients investment have fallen in value.
Prudential: Webinars with Selectapension and O&M Systems
Our latest recorded webinars focus on pension switching advice and feature representatives from Selectapension and O&M systems.
FundsNetwork: Calculating clients annual allowance charges
Paul Squirrell, FundsNetwork's National Pensions Sales Manager, provides a step-by-step approach to calculating clients annual allowance charges. He also explains the two types of Scheme Pays, mandatory and voluntary and the process and deadlines for Voluntary Scheme Payments available with FundsNetwork's Pension.
Prudential: Signatureless process and reprice for Prudential Trustee Investment Plan (TIP)
Have you got SIPP and SSAS clients that would like to reduce exposure to volatility, take income from their pensions or pass on death benefits?
IFAA: Has Carey Put Us on The Right Street?
I am not sure that many advisers had ever heard of Carey Pensions. But their case was very well known to those, like the Impartial Financial Advisers Association, who had taken an interest in the Berkeley Burke Administration case (BBA). There are over 2,000 of you who take time to read our blogs each week may well remember Berkeley Burke.
Royal London: Retirement benefits in public service pension schemes
This new interactive policy paper looks at the wider rules of the Teachers and NHS pension schemes and how members can claim their benefits.
FundsNetwork: An ever-improving pension offering
Paul Squirrell, FundsNetworks National Pension Sales Manager, explains what our pension has to offer, its competitive pricing and improvements still on the horizon.
FundsNetworks pension LTA adviser support package
Paul Kennedy and Paul Squirrell, FundsNetworks tax and pension experts, discuss the pension LTA and its framework, which was recorded before the lockdown.
Royal London: Working remotely webinar
Join Craig Muir, Senior Pension Development and Technical Manager, as he shares best practice ideas on how to build a more robust and sustainable business model when working remotely.
Royal London: Join us for a webinar Tax planning
Join Clare Moffat in a webinar that looks at the tax planning opportunities which exist with pension contributions on Thursday 30 April.
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.
Royal London: DB pensions transfer advice consultation
We responded to the latest FCA consultation paper CP19/25 on DB pension transfer advice which closed at the end of October 2019. Here we look at what we said in our response.
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'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.
Prudential: Will your client be able to claim the Annual IHT Exemption?
An individual has an annual exemption for lifetime transfers of £3,000 per tax year. After making use of your current years exemption, you can also carry forward any unused amount from the previous tax year.
FundsNetwork: Pension lifetime allowance
Planning has undergone a range of changes over the years. FundsNetworks 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
Old Mutual Wealth: PENSION: Annual allowance excess tax charges and scheme pays Thursday 30 January 2020 at 10am
An increasing number of peoples retirement plans are being affected by the tax law. There is a lot of confusion and concern amongst clients.
Prudential: Financial Planning for Pensions and Divorce Webinar
On this webinar, Dave Seager, Managing Director of SIFA Professional, along with Heil Hewitt and Gary Riches of Scrutton Bland Financial Services and Les Cameron, Head of Technical at Prudential.
Prudential Pensions and Divorce
Going through a divorce is a difficult time, both emotionally and financially. Good financial advice can bring benefits, not only when splitting the marital assets, but also in the future when retirement takes place.
Prudential CPD compilation Pensions and divorce
Often couples know the value of assets such as investments and houses but they dont know the value of their pensions and these could be the largest asset to be dealt with on divorce. The divorcing couple need to sit down with their solicitors and financial advisers, not only to discuss how any of their young childrens welfare will be dealt with but also to consider how their assets should be split on their divorce.