Industry news and views from Panacea and our partners.
Retirement_
Just: Protect your clients against the risk of following the herd
Pension freedoms were introduced with a fanfare: no-one need buy an annuity again.
Later Life Education
Following the introduction of pensions freedom and choice the need and demand for guidance and advice has exploded. The flexibility of drawdown is no longer restricted to the wealthy but available to all so they can manage their lives in accordance to needs and objectives.
FundsNetwork: Taking CII exams this October?
With pension exams fast approaching, why not take a look at our library of 36 pension technical videos to help you prepare? Topics range from defined benefit transfer issues to tax relief and lifetime allowance considerations. We also have a video on exam techniques, touching on strategies around the marking scheme and the best ways to approach your answers.
Royal London: A track record worth celebrating
Our Governed Retirement Income Portfolios turn 5
Risk targeted governed retirement income portfolios prove their resilience at five-year anniversary
Royal London Governed Retirement Income Portfolios (GRIPs) have reached their five year anniversary with all five GRIPs demonstrating a track record of being able to deliver above benchmark returns over what has been a turbulent five years for investment markets. Despite market fluctuations caused by the US elections, Brexit, Chinese currency devaluation and a range of geopolitical risks, all five portfolios have outperformed against their respective benchmark over the five year period, delivering an average return of between 5.6-10.7% pa, net of a 1.00% charge.*
Just: Adviser Forums last chance to book your place
Dont delay. Register now for our upcoming Adviser Forums this autumn. Well be looking at modern retirement advice and how to help clients choose solutions that are right for their individual and changing circumstances.
FundsNetwork: Taking CII pension exams next month?
Our resource of 36 technical videos can help you prepare for taking pension qualifications. Latest topics include tax relief and defined benefit schemes issues and considerations when transferring away. A helpful tool to your exam preparation.
Just: Retirement Unscrambled Mid retirement financial health check
The decisions people make at the start of their retirement may not fit with their future requirements later in retirement.
Just: Retirement Unscrambled planning from the beginning
With more choice than ever before, understanding your clients circumstances, needs and lifestyle aspirations thoroughly at the outset of retirement can have a substantial impact on their financial and emotional well-being as they begin their retirement journey.
Sustainable help in a diligent world
With an uncertain political and economic future ahead, how confident are you that your clients will have a sustainable income in retirement?
Sustainable help in a diligent world
With an uncertain political and economic future ahead, how confident are you that your clients will have a sustainable income in retirement?
Just: Finding retirement a bit scrambled up?
These days retirement is complicated. Increasingly people are choosing to retire gradually.
Prudential: Has the floor fallen through for those with Capped Drawdown?
Read Mark Devlins, Technical Manager at Prudential, article Has the floor fallen through for those with capped drawdown?
Royal London: White Paper - Exploring the retirement challenges facing future generations
Our new research has found huge variations in retirement outcomes for future generations based on the choices they make in a world of Defined Contribution saving.
FinalytiQ: What Factors Influence Sustainable Withdrawal Rates?
Here's how fees, asset allocation and timescale impact sustainable withdrawal from a retirement income portfolio.
Rethinking retirement together Financial Adviser Service Awards 2017
Retirements full of new conversations. Thats why at Just were always ready to talk to you about your clients needs, and aim to continually improve our products, tools, resources and professional support.
Just: Steering clear of the Money Purchase Annual Allowance
The legislation to reduce the Money Purchase Annual Allowance (MPAA) has been delayed because of the general election in June 2017. The government has confirmed that the reduction will still go ahead, but it is not yet clear if it will still be effective from 6 April 2017.
Prudential: Billy Burrows Retirement is a journey, not an event
Prudential recently commissioned an interactive guide with Billy Burrows, Director of Retirement IQ, focussing on the four key stages of retirement.
Aviva: Are pensions moving into the digital age?
In our latest Real Retirement report, weve taken a look at how people aged 45 and over use technology to manage their day-to-day lives.
Time to talk Retirement Plans
Prudential launch their next Time to Talk campaign, which opens up a wide range of opportunities for you to talk to your clients about their retirement planning and how Prudential can help its Time to Talk Retirement Plans.
Aviva: Whats the future for retirement solutions?
The retirement income market has changed radically in recent years and our profession has had a great deal to contemplate. Today we look ahead to see how retirement solutions could shape up in years to come.
Just: Volatility ahead is it time for John to lock in gains?
Johns attitude to risk has changed. He doesnt want to see a repeat of the volatility hes experienced. See how understanding his health enables a smaller proportion of his fund to be used to secure a regular income, whilst leaving the larger proportion invested for his childrens future.
Prudential Oracle Quarterly April edition
Welcome to Prudentials April 2017 edition of Oracle. In this edition theyre taking a look at defined benefit pension transfers and due diligence, which have been the subject of much regulatory attention of late.
Aviva: The role of modelling in retirement income planning
How big will my pension pot be when I reach retirement? is the inevitable question that clients ask advisers throughout the accumulation phase.
Royal London: Sustainable income
Watch the first Royal London sponsored Akademia CPD video on income sustainability.
Royal London: Everyone likes a little boost
Weve given our customers retirement savings a little boost.
Just: Post Brexit Hierachy of needs
Hard or soft, who knows what the impact of Brexit will be on the spending power of retirees. Architecting a financial plan to support lifestyle aspirations needs solid foundations that are predictable, secure and guaranteed for life.
How safe is 4% withdrawal rate compare with personalised underwriting
Fears are growing that the debated 4% annual income from drawdown is too high and not sustainable in retirement. A one size fits all approach doesnt work, advisers need to include underwriting at product purchase and at every drawdown review.
Just: Why retirement planning starts with Height, Weight and Postcode
Starting with simple factors, modern underwriting has the power to shape retirement plans in ways you cant predict. Explore the importance of every client receiving a personalised underwritten quote in our latest THINK article.
Just: Post Brexit safeguarding lifestyle income needs
Hard or soft, who knows what the impact of Brexit will be on the spending power of retirees. Architecting a financial plan to support lifestyle aspirations needs solid foundations that are predictable, secure and guaranteed for life.
Prudential: When a checklist gives you a Defined Benefit!
Its estimated that one in three working people in the UK will reach retirement by 2020*. And within 20 years, nearly a quarter of the UK population will be aged 65 or over around an estimated 20 million people.**
Aviva: Are pensions moving into the digital age?
In our latest Real Retirement report, weve taken a look at how people aged 45 and over use technology to manage their day-to-day lives. Most people wont leave home without their smartphones and broadband is right up there with water and electricity as an essential utility these days. The evidence shows that our lives are now moving increasingly online.
Royal London: Retirement Planning
We can help you find and recommend the right retirement solution for your clients. Our range of retirement planning tools will help you discuss your clients options and define a working solution to meet their needs.
Are pensions moving into the digital age?
In our latest Real Retirement report, weve taken a look at how people aged 45 and over use technology to manage their day-to-day lives. Most people wont leave home without their smartphones and broadband is right up there with water and electricity as an essential utility these days. The evidence shows that our lives are now moving increasingly online.
Plain English Finance: One resolution you can keep
One resolution you can keep. Those of you who have followed our free email for a little while might remember a moderately pretentious but entirely truthful phrase that Im quite fond of that repetition is the mother of all learning. At least this is my excuse for the fact that what follows in your first Plain English Finance email of 2017 is a gratuitous repeat of what I said in January 2016 and January 2015. As such, please find below a slightly edited and tweaked version of what I wrote last year and it is as true in January 2017 as it was in January 2016 and every other year before that: By this time in January, you have no doubt been bombarded with the usual blizzard of marketing and advertorial about everything from the sales in your local shops to new gym memberships via discounted holidays and faddy diets for a new you".
Just Retirement: How to identify vulnerable clients
Who is a vulnerable client? At first glance this appears to be a fairly straight forward question to answer, however vulnerability is an inherently complex area.
Just Retirement: Income that lasts a lifetime, whats that worth?
The concept of value when applied to guaranteed income for life (provided by an annuity) inevitably tends to focus on the amount of income that is offered in exchange for the retirees pension pot. This rate of return is usually compared against products in an investment context, but is this misleading? Does the amount of income paid to a retiree from a guaranteed income for life (GIfL) directly dictate whether it represents good value?
Means tested benefits and pension flexibility - how this could affect your client
Since the introduction of pension freedoms and the ability to withdraw any amount of the remaining pension fund, much technical focus has been on the tax implications of this, and the changes to death benefits. One area thats been overlooked is the interaction of pension flexibilities with means tested benefits.
'Feeling the Squeeze', Royal London asks advisers their views
Royal London carried out a UK wide survey with 2,500 consumers age 35-44 over the summer. The survey found that over a third, 34% said their finances felt Squeezed and so were struggling to meet day to day expenses, despite 87% being aware that they need to save more. However, the survey did also identify positive Savings Moments of Truth (MOTs) when some financial commitments such as car finance or nursery costs come to an end which could free up money to be used to save for retirement. To support the research with consumers we also wanted to find out what our advisers thought.
Prudential: Providing retirement solutions assisted by technology
Prudential has recently partnered with software provider O&M to help advisers further understand how technology can assist in the advice process. Kirsty Anderson, Business Development Manager (Pensions), explores the role of increasing technology on retirement solutions.