24th June 2021
Previewing the review for clients in SIPP drawdown (85 minutes)
85 minute CPD
With the introduction of pension freedoms and with it, the rising demand for DB transfers and DC consolidation, the last five years has seen low-cost SIPPs become even more popular with investors and advisers. The attraction of wider investment choice combined with increased flexibility has helped drive this demand, but with it a more complex advice process. With the recent market volatility, future uncertainty and changing client circumstances – coupled with ever changing regulation – is it time to simplify advice for retiring and retired individuals?
On this seminar we’ve teamed up with Brewin Dolphin and XPS Self Invested Pensions, and looked at what advisers should be considering when conducting client income drawdown reviews – challenging the thought process on the three critical questions of a review: Is it still meeting the client’s objectives and needs; Is the income still sustainable; Is the investment still suitable? We’ll also explore different investment techniques, products available and share best practice from the recent FCA finalised guidance on DB transfers, and what it could mean for drawdown advice.
Learning Outcomes – to demonstrate an understanding of:
- Blending investment strategies for drawdown
- Drawdown reviews
- The lessons we can learn from the FCA DB guidance for drawdown advice
- Whether it’s worth taking investment risk if close to or at the LTA?