Industry news and views from Panacea and our partners.
Wraps & Platforms_
Architas launches discounted share classes on Standard Life wrap
Architas, the AXA owned multi-manager, has now launched its discounted (superclean) share classes on the Standard Life Wrap platform. These share classes were previously only available on the Elevate wrap but have been extended to the platform following Standard Lifes purchase of the Elevate business from AXA.
FundsNetwork: Autumn Statement
Paul Kennedy, Head of Tax and Trust Planning at FundsNetwork, provides his views on tax and personal allowances as a result of yesterdays Autumn Statement.
James Hay Partnership: Autumn Statement
Philip Hammonds first Autumn Statement contained little in the way of headline grabbing news. However, there were a few throw away lines that may have serious implications for you and your clients. This Tech Talk picks up on some of these proposed changes and when more details become available, we will produce further Tech Talks.
The FundsNetwork Pension: take a look at the latest enhancements
You can now transfer existing drawdown arrangements to FundsNetwork online; just one of the recent enhancements theyve made to their pension to make it easier for you. Theyve also made a number of other changes recently based on feedback received from advisory firms.
Targeted absolute return top sales chart in September, Fundsnetwork reveals
The Targeted Absolute Return sector topped the sales chart in September, the latest FundsNetworkTM data has revealed.
FundsNetwork: Tapered annual allowance
With the introduction of the pensions tapered annual allowance on 6 April 2016 FundsNetwork have created an in depth factsheet. This covers how the taper works and who it affects, what happens when the annual allowance is exceeded, threshold income versus adjusted income, along with examples to illustrate these new rules.
James Hay: Technical Masterclasses regional events
In light of chaos caused by the EU Referendum, the fall in value of the pound and ahead of the new Chancellor's Autumn Statement, advisers are faced with an increasing number of challenges. For example; how do you ensure that pension planning for high net worth clients remains tax efficient?
FinalytiQ: Its here! Advised Platform Report 2016!
Its the most comprehensive analysis of advised platforms youve ever read. Its pack extensive data and critical analysis on the financial performance of 26 advised platforms who together account for more than 95% assets of the advised platform sector.
FinalytiQ: Platform Profitability: Myth Vs Reality
Imagine my surprise a few days ago when I read that advised platform sector made a profit in 2015! This is news to me. And I have been researching the financial performance of platforms for some time now, before it became fashionable to do so. So what the does our latest data tell us about the financial performance of advised platform? There are different measures of profitability Operating Profit, Adjusted Operating Profit, EBITDA, etc. But which one really matters and why? Thats what I talk about in this video!
FundsNetwork: Inherited ISA allowance transfer form
For clients who are inheriting their deceased spouses or civil partners ISA allowance, youll need to complete the necessary documentation. FundsNetworks form is available within their Service Zone, under the administrative procedures section. Youll also find some useful information to consider around Inherited ISAs.
FundsNetwork: Receiving enquiries from clients on how to complete tax returns?
FundsNetworks Annual Distribution Summary report provides a copy of the information that was sent to clients earlier in the year confirming non-tax wrapped distributions for the previous financial year.
James Hay Partnership launches with Panacea Adviser
James Hay Partnership, the platform for retirement wealth planning has joined the growing community of Panacea Adviser.
FundsNetwork: Pensions technical videos
FundsNetwork offers a range of pension technical videos to support you if youre sitting pension exams or just want to brush up on your knowledge. Two of the latest in the series focus on the requirements and restrictions of the Pension Protection Fund and different types of lifetime annuity, discussing conventional and flexible lifetime annuities and the benefits of each.
FundsNetwork: Understanding lifetime allowance transitional protection
FundsNetwork offers a range of 18 technical videos to support you if youre sitting pension exams or just want to brush up on your knowledge. Two focus on lifetime allowance transitional protection, covering the differences between primary and enhanced protection and how theyre calculated. They also explain what happens if an individual loses or revokes their enhanced protection.
FundsNetwork: Identifying clients not on fees
Since the conversion of bundled funds into their clean equivalent share classes, which brought an end to commission payments, you may still have clients who havent agreed a fee arrangement. FundsNetworks bespoke Client List report can assist you in identifying clients who you may wish to move to fees.
James Hay: Tapered Annual Allowance and Planning Considerations
This Tech Talk provides insight into the challenges facing advisers as they endeavour to ensure that pension planning for their high net worth clients remains tax efficient.
James Hay: The lifetime allowance charge - a clear choice
The legislation to bring into being the new standard lifetime allowance (SLA) of £1m is part of the Finance Bill currently working its way through parliament.
James Hay: Joint General Investment Accounts
There are a number of reasons why a joint General Investment Account (GIA) may be unattractive to high net worth couples. Failure to take these into account could prove costly.
FundsNetwork: Do you use passive investments?
With index funds becoming an increasingly important part of investment recommendations, FundsNetwork now offer over 300 passive funds.
FundsNetwork: Pension lifetime allowance client guide
FundsNetworks new guide can help aid discussions with your clients on the pension lifetime allowance.
FundsNetwork: Money Markets continue to dominate sales post Brexit
The Short Term Money Market and UK Money Market sectors continued to lead the sales charts in July as post Brexit uncertainty rocked investor confidence, the latest FundsNetworkTM data shows.
FundsNetwork: Pensions technical support videos
FundsNetwork have a range of pension technical videos to support you if you want to refresh your knowledge or if youre taking pension exams.
FundsNetwork: Death Benefit Schemes: options and benefits at retirement
FundsNetwork have a range of technical videos that are a useful source of information if youre looking for support to improve your pension knowledge or if youre sitting pension exams. Two from the range of 18 videos available, cover the options and benefits from Defined Benefit Schemes.
FundsNetworks new retirement guides for use with your clients
With greater flexibility in how clients can approach their pension savings, FundsNetwork have added three new guides to their website to aid your discussions with clients about pensions and retirement options. You'll find information on how to save more into a pension with carry forward, tapered annual pension allowances and how clients can make pension tax relief work for them.
FundsNetworks new retirement guides for use with your clients
With greater flexibility in how clients can approach their pension savings, FundsNetwork have added three new guides to their website to aid your discussions with clients about pensions and retirement options.
FundsNetwork: New pension technical videos
Brush up on your pension knowledge with our new technical videos. Presented by Neil Dickey, these six videos cover topics such as lifetime allowance - transitional protection, defined benefit schemes and different types of annuities. So whether youre sitting your pension exams or just want to improve your knowledge, these videos aim to support you.
FundsNetwork: Supporting you with Technical matters
FundsNetwork are continuously updating and adding to their range of videos, client facing guides and factsheets to support you with client conversations.
FundsNetwork: Happy 10-year anniversary
In his latest article Paul Kennedy, Head of Tax and Trust Planning at FundsNetwork, looks at how Discounted Gift Schemes will be affected by the 10-year anniversary of the Finance Act 2006. This Act contained radical changes to the taxation of trusts for inheritance tax purposes, and now appropriate trust valuations are required to ascertain the amount payable.
FundsNetworks Paul Kennedy explores the new dividend and savings tax allowances
With the world of tax planning becoming even more complex, FundsNetworks Paul Kennedy, Head of Tax and Trust Planning, explores the introduction and advantages of the new dividend and savings tax allowances and how to generate tax-free income from different wrappers. He also explains some of the things you need to consider, for both basic and higher rate tax payers.
Fundsnetwork: Investors take flight to safety in May, FundsNetwork reveals
The Corporate Bond, UK Money Market and Short Term Money Market sectors dominated the sales chart in May as investors sought to manage pre-referendum uncertainty, the latest FundsNetworkTM data shows.
FundsNetwork launches 12 additional investment trusts on the platform
FundsNetworkTM announces that, following advisory firm demand, it has launched a further 12 investment trusts on the platform.
R Musings: Britain Prepares to Vote
This time next month, the UK will be preparing to make a decision in the long-awaited EU membership referendum. The uncertainty leading up to the vote is reflected in the investment markets - and so, whether Britain opts to Leave or Remain, we'll look forward to the decision having been made in order to regain some stability. Welcome to our May newsletter.
ISA investors flock to income yielding investments over the tax year end, FundsNetwork reveals
Income focussed investing continued to be a dominant theme over the tax year end as investors piled into income yielding investments throughout the ISA season, data from FundsNetworkTM has revealed.
FundsNetwork: Supporting you with technical matters
The Technical matters area of the FundsNetwork website is a source of useful support to help you stay ahead of the changing regulatory landscape. Theres a range of retirement planning articles, topical videos and technical updates to support you and your clients.
February volatility sees investors take flight to safety, FundsNetwork reveals
UK Equity Income continued its ongoing run as the most popular sector, however, it was the money market sectors that saw the biggest uplifts in sales in February, according to the latest FundsNetworkTM data.
FundsNetwork: Supporting you with technical matters
To help you keep up to date with regulation and policy changes and make the most of the opportunities available to you and your clients, FundsNetwork have launched a new Technical matters area on their website.
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.
Finalytiq: Why Asset Managers And Direct Platforms Dont Mix
Today, Im off to Luxembourg to speak the International Transfer Agency Summit (ITAS)! Someone in their twisted mind decided that its a good idea to put me on a panel discussion on whether fund managers should get into the direct platform business. Luckily for them, this is an area we discussed extensively in our recent Economics of Direct Platform and Robo Advice Report.
FundsNetwork: Paul Kennedy reflects on two mini-tax years in one
In his latest video, Paul Kennedy, Head of Tax and Trust Planning at FundsNetwork, looks at end of year pension tax planning.
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.