Industry news and views from Panacea and our partners.
Pensions_
Scottish Life: We're stronger than ever
Scottish Life has had a third successive year of record new business, with the 2011 total being almost 50% higher than in 2008.
LV= Fighting back for your clients
Were so excited to tell you about our Pension Income Plus Annuity opportunities, call our experts TODAY and you could WIN a Bose Videowave Entertainment System (see the terms and conditions below).
Nearly one in four pensioners have had to bail out children
Nearly one in four pensioners have had to bail out their children* at a major cost to their own standard of living, new research from MetLife shows.
Metlife grows the fixed term annuity market with Tomas
MetLife has significantly expanded its distribution network with an exclusive six-month contract to become the first fixed-term annuity provider on The Open Market Annuity Service (TOMAS).
Partnership: NAPF confirms advice can increase clients' income
According to the recent NAPF report, pensioners are losing out on as much as £1billion in income because scheme providers do not adequately highlight the Open Market Option to them when they retire.
LV= launches new low cost pension plan
Retirement specialist LV= today announces the launch of a new low cost personal pension, with a 0.25% annual service charge.
LV= A fix now can save a fortune
Im sure Im not alone in having an internalised argument each year when the car is due for its annual service. On one shoulder the devil says save yourself a couple of hundred quid and put it towards that Aston Villa season ticket youve promised yourself whilst the angel is saying dont be a fool, a few hundred pounds now could save you a fortune in the long run.
Scottish Widows: Our 7th annual Women and Pensions Report
How do your clients pension savings compare? Weve launched our 7th annual Women and Pensions Report. Titled Mind the generation gap it shows the latest pension position for women in the UK. The report also looks at the gender gap in pensions.
What am I Supposed to do?
As part of our commitment to keeping you informed, our Workplace Pensions Report reveals that providing a workplace pension scheme is only the first step in helping employees towards an adequate pension in retirement.
LV: A tale of small steps and nudges
The big pensions news this week was the publication of the ABIs new code of conduct for members regarding the shopping around process for annuities.
LV= Your clients deserve a healthier pension
For many people approaching retirement with a pension fund, an annuity will be their main, or possibly only, means of income.
Scottish Widows: July edition of Techtalk
Our financial planning team continues to find opportunities for you that have been brought on by the evolving legislation.
Ascentric extends tax wrapper offering
Independent wrap Ascentric has added Sanlam as a new Product Partner with the addition of its 'Transfer Pension Portfolio' (TPP), to the platform. Sanlam's TPP, currently only available through Ascentric, is the first Section 32 to be offered on the platform and extends further the choice of tax wrappers available.
LV= responds to DWP consultation on "A state pension for the 21st century"
Following LV='s official submission to the Department for Work and Pensions' consultation on state pension reform, Ray Chinn, LV= head of pensions, comments: "It's been widely debated that the state pension needs updating. In its current form it is too complex and the wide use of means tested benefits is a disincentive for many people to independently save for retirement."
View Scottish Widows Pensions Report webcast
Gain further insight into your clients attitudes to Pensions - Ian Naismith, Scottish Widows Head of Pensions Market Development, hosted a webcast on 16 June to discuss planning for retirement in the current climate.
Scottish Widows: 7th annual Pensions Report reveals customers attitudes towards pensions
Were pleased to announce the launch of the 7th annual Scottish Widows Pensions Report. It provides valuable insight into the nations views on pensions.
Asset.tv: Pensions Masterclass
The Pensions Masterclass with Steve Latto of Alliance Trust Savings, Stan Russell of Prudential and Adrian Boulding of Legal & General
Prudential: April edition of Oracle, Prudential's technical newsletter
This edition focuses on retirement planning and highlights the advice opportunities from pension reforms
Scottish Provident: Relevant life policies made simple
A relevant life policy is an alternative way for an employer to set up life cover for an employee in a tax efficient manner
Annuitas: Annuitas named Best Retirement Planner
PanaceaIFA members will be pleased to know that at last weeks Money Marketing Awards, Annuitas scooped the Award for Best Retirement Planner 2011,
Scottish Widows:Win an exclusive luxury holiday to Beijing with Retirement Account
Were launching the final stage of our Olympic Games City competition. From 8 March until 12 April you can enter the gold prize draw and win an exclusive luxury trip to Beijing. All you have to do is complete eight Retirement Account quotes and enter online
Scottish Widows: TECHTALK
BACK TO BASICS THE NEED FOR A PENSION An overview of information which may help with any plan to retire early.
Scottish Widows: Bringing the best together
Introducing your new combined commission statements. On 21 March one of the final stages of the Scottish Widows and Clerical Medical integration will be complete.
Annuitas: EU Gender Ruling means lower pensions for men and women
The European Court of Justice has ruled that insurers cannot price products or services based on gender as this would constitute discrimination.
Royal London 360°: 39% increase in annual new business
Royal London 360° has written a record 39% increase in new business for the year ending 31 December 2010, compared to the same period in 2009.
Annuitas: Is there more EU disruption on the horizon?
As many will know the prevention of discrimination is at the heart of many EU directives but the most recent flies in the face of cold hard facts.
LV= to launch capped and flexible drawdown in April
Following the Governments announcement to remove the requirement to buy an annuity at the age of 75
Why is the Open Market Option missed by so many?
When a scheme member reaches retirement they receive a pack from their pension provider advising them of the possible annuity available along with the fact they can take the money elsewhere to obtain a higher income. However 67% do not take advantage of this valuable option, primarily due to a lack of understanding and guidance through the issues.
Austerity bites for 41% without a pension
Research undertaken on behalf of F&C Investments suggests that 41% of adults in the UK have no pension provision, with nearly 48% also having no long-term savings they could draw on in retirement.
Welcome to the January Issue of Techtalk
In this edition we welcome back Ian Naismith, who is looking at the latest announcements on auto enrolment. And Robert Kerr, our inhouse RDR expert, who summarises the FSA consultation paper 10/29 concerning platforms and nominee related services.
Otto Thoresen, AEGON - In the Spotlight
This report features the In The Spotlight special with Otto Thoresen of AEGON UK. Asset.tv covers all the main equity, bond, property, institutional and alternative markets
Otto Thoresen, AEGON - In the Spotlight
This report features the In The Spotlight special with Otto Thoresen of AEGON UK. Asset.tv covers all the main equity, bond, property, institutional and alternative markets
Build your business by developing your professional connections
Many company clients have a 31 March accounting year end, so now's a good time to review your corporate clients' tax and financial planning needs. Our Defaqto 5 Star rated offshore bond Global Investor might be the perfect solution.
Defaqto - Only 40% of people are saving for retirement - but they suggest what would make pensions more attractive
Independent research company Defaqto has found that although most people believe pensions are important for supporting them in retirement, only 40% are actually saving for later life and 20% are not saving at all. However, people are clear on what would make saving for a pension more attractive.
Scottish Widows -Welcome to December 2010 issue of TechTalk
PENSIONS TAX RELIEF A review of the new rules for restricting pension tax relief via a reduced annual allowance of £50,000.
Defaqto - Lack of confidence in retirement income grows - and expected reliance on state pension remains high
A survey by independent financial research company Defaqto has found a growing lack of confidence among consumers that their retirement income will meet their needs.
Defaqto - Financial advisers still number one for retirement advice, according to Defaqto consumer survey
A report by independent research company Defaqto has found that Financial advisers are the most trusted source for retirement-related advice, with 44% of people saying they would trust an adviser for help in this area
Scottish Provident: New direction, our service to you and your clients
We continually strive to enhance our service and your overall experience when doing business with us. Therefore, we would like to introduce you to New direction, our update on the service we deliver to you and your clients.
Scottish Widows - Tax year support material
To support you in planning for the end of tax and trading year deadlines we have produced some material you may find useful for your business and your clients.