Industry news and views from Panacea and our partners.
Pensions_
FundsNetwork: Application deadlines for this tax year
To ensure you submit all client Pension and ISA applications in on time, FundsNetworks website provides full details of the deadlines for both online and paper applications.
Help wanted- AE or PP?
I would welcome your feedback on Auto Enrolment and in particular Opting Out i.e. a client who wishes to maintain or direct new contributions into a Personal Pension in preference to NEST. His employer is happy either way and the contributions would be circa 10% of salary, salary being £68K.
Royal London: We're sharing our profits
As a mutual, we're owned by our customers. And we believe they should share in our success. That's why we'll now aim to boost your pension client's retirement savings by adding a share of our profits to their plan each year. We've called this ProfitShare.
The Pension Regulator:AE Industry Liaison Manager update- February 2016
i) As part of a government-wide programme, The Pensions Regulator is consulting on its draft Innovation Plan which sets out how it will embrace technology and support innovation to help deliver better outcomes for retirement savers.
FundsNetwork: FNW - Reports and marketing letters to help maximise the opportunity
FundsNetwork ISA contribution report helps you to quickly identify clients who havent yet used their allowance. FundsNetwork also have a range of easy to use marketing letters and guides to help you with campaigns for both ISA and pension business.
The Pension Trust: Save Your Clients Up to 30% on Defined Benefit (DB) Running Costs
Managing legacy DB schemes can be a painful business. They're expensive, time consuming and something your clients could happily do without.
Prudential: Oracle technical - January edition is now available
Our latest edition is here - bringing you commentary and insight on topical financial matters that have a technical element to them.
Royal London: New State Pension - winner or loser?
The new State Pension (nSP) will be implemented at a maximum flat rate of £155.65 per week in 2016/7. This is good news for some, not so good for others.
Canada Life Death Benefits & Legacy Planning Part 2
The changes to pension death benefits have created a number of opportunities around using pension planning as part of an estate planning exercise. The second part of this article will look at the benefits and drawbacks of using spousal bypass trusts and beneficiarys drawdown, as well as other opportunities for using pension planning to mitigate IHT.
Aegon broadens choice of default funds for workplace pension schemes
Aegon has unveiled its new Workplace Target funds - a range of default fund options for workplace pension schemes available from February 2016. The new range responds to pension freedoms and changing investor behaviour, providing options for how investment risk is managed in the run-up to retirement.
Canada Life Death Benefits & Legacy Planning
With the introduction of the pension freedoms back in April the rules around death benefits were changed in terms of the tax treatment and the flexibility, as to whom benefits could be left to.
The Pensions Regulator - Industry Liaison update December 2015
Do you have any events planned where you would like a TPR speaker to come and talk about automatic enrolment?
Cervello: Autumn statement summary
Overall there were fewer surprises from the chancellor last week compared to autumn statements of the recent past. Technical Connection has kindly provided a detailed report with an emphasis on the tax and pensions proposals you need to know about. The report contains A detailed analysis of the new changes Where they do and don't affect you and your clients A summary of all the key facts and figures Please also find a shorter summary produced by our adviser, Richard Earl
Aegon: Third of consumers likely to be left wanting from Osbornes Autumn Statement
A third (29%) of people would like Government to simplify the way tax incentives are applied to pensions But Treasury delaying its decision till next year, to fully consider consultation responses Nearly one fifth (17%) want clarity on how much state pension they will receive One in eight (13%) want to see an increase in ISA limits.
Canada Life: The blended approach to retirement income
With the introduction of the pension freedoms in April 2015, your clients now have much more choice. In many cases, it is clear what is needed to meet their objectives. For example, some may simply want a guaranteed income for life and others will want complete flexibility.
Aegon: Dont mind the gap - lets mend the gap
We recently wrote about the Financial Advice Market Review and the work being done to try and close the financial advice gap in the UK.Weve completed our own research that shows just how important this work is and it highlights the number of people that need help when planning their pension.
Pension Withdrawal Strategies
With so much focus on the new pension freedoms and the increasing popularity of income drawdown, I thought it might prove useful to list the strategies for managing drawdown that I am currently aware of. I am sure there are many more out there and I am putting this forward in the hope of learning a thing or two.
Aegon: Six months on from pension freedoms Nick Dixon interview
Aegon Investment Director, Nick Dixon, looks at how retirement income decisions are changing in response to the new pension freedoms. In this interview for Share Radio, he assesses the options available to todays retirees and emerging retirement income trends.
Scottish Widows November Techtalk
Scottish Widows Techtalk magazine provides topical expert guidance for intermediaries that anticipates, interprets and forecasts key industry changes and regulation.
Aegon: UK lacks pensions and investment confidence but is reluctant to pay for advice
New research from Aegon UK has found that just 14% of people are confident they can plan their retirement goals and invest to achieve the retirement they want.
The Pensions Trust: The end of the cheapo repo?
Most pension schemes seeking to hedge their interest and inflation risk have had it pretty easy for the past five years or so. In particular, it has been the opening up of the repo market to pension fund investors that has allowed schemes to gain easy access to a low cost hedge. But could it be about to get difficult?
Prudentials November Oracle Technical now available
Prudentials latest edition is now available - bringing you commentary and insight on topical financial matters that have a technical element to them.
Scottish widows: Disrupted Pensions its the UX thats really causing the short term disruption #Fintech
I work in a large Financial Service business and have been responsible for developing our digital capability. Throughout this work what has become very clear is that UX and the experience this generates for customers can mean the difference between engaging your customers or turning them off.
AXA PPP: What opportunities does auto-enrolment open for you as an adviser?
For the next few years, automatic workplace pension enrolment will move employee benefits to the top of the agenda for thousands of commercial clients (small and medium businesses).
The Pensions Trust: Key Questions You Need to Ask About Your Legacy Defined Benefit Scheme
Despite significant deficit contributions over the past decade, the funding position for the majority of schemes hasnt improved.
The Pensions Trust: One year on TPRs Code of Practice on Funding DB Schemes
Mike Furbank, Trustee Services Delivery Manager at The Pensions Trust looks at the lessons learned since guidance was issued by The Pensions Regulator (TPR) on funding DB schemes.
The Pension regulator: AE Industry Liaison Manager update - October 2015
New advertising campaign and website update We will soon be launching a new advertising campaign - and our refreshed Step by Step guide (now live) explains to employers what they will need to do to meet their workplace pension duties.
Royal London Anounces the introduction of profitshare for Pensions customers
Royal London, the largest mutual life, pensions and investment company in the UK, is to introduce ProfitShare to allow its unit-linked pension and drawdown customers to share financially in its success. This innovative way for customers to share in the success of a financial services business is an industry first for the pensions sector.
Wizard Learning: R08 Pensions update Gap Analysis and Assessment Tool
Our assessments are designed to help you revise, identify knowledge gaps for further study and to get practice on exam style questions for areas that you might be asked about in the exam. It includes numerous additional features to assist you with your revision and exam preparation.
The Pensions Trust: Save your clients up to 30%* on legacy defined benefit (DB) running costs, with award-winning administration
Managing legacy DB schemes can be a painful business. They're expensive, time consuming and something your clients could happily do without.
Scottish Widows: Workplace Pensions What do employees like my clients think?
As auto enrolment rolls out, members are becoming increasingly reliant on their workplace pension in retirement, and for many, employer contributions are the main reason for saving according to our research.
Canada Life: Changes to Pension Input Periods and the Tapered Annual Allowance
In addition to the Pension Freedoms that came into effect in April, the chancellor also announced in his Summer Budget changes to the annual allowance and pension input periods. Sam Newton discusses these changes and the opportunities they provide
Invesco Perpetual Announces £101M Mandate Win from The Pensions Trust
In August 2015, Invesco Perpetual announced it had been appointed to manage a diversified growth (multi asset) mandate for The Pensions Trust. The £101 million mandate is to be invested into the Invesco Perpetual Global Targeted Returns Fund.
The Pensions Trusts Assets Reach £7 Billion
The Pensions Trust, one of the leading workplace pension funds in the UK, has seen its assets increase to more than £7 billion, a rise of 18% from May 2014 (£5.9 billion).
The Pension Regulator - AE Industry Liaison Manager Update - September 2015
Employers can choose to defer the process of assessing their workforce for automatic enrolment purposes for a period of one day up to three months.
The Pensions Trust announces the launch of new website
The Pensions Trust, one of the leading workplace pension funds in the UK announces the launch of its new website www.tpt.org.uk
Aegon: A straightforward way to manage client income risk
Secure Retirement Income (SRI), Aegons secure drawdown solution, may help your clients achieve what they want - income certainty and flexibility. And because its on our integrated retail and workplace platform, blending SRI with other investment options is a straightforward fund switch.
Trust Pensions: Seminar. Automatic enrolment - time to act
Free seminar on auto-enrolment, outlining employer obligations and highlighting key action points
Royal London EET vs TEE
A number of industry commentators have rejected the idea of ISA-style pensions. Here we give our views and the reasons why we're also against this move.
Aegon: A straightforward way to manage client income risk
Secure Retirement Income (SRI), Aegons secure drawdown solution, may help your clients achieve what they want - income certainty and flexibility. And because its on Aegons integrated retail and workplace platform, blending SRI with other investment options is a straightforward fund switch.