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WEBINAR
Each tax year end our technical team get asked a lot of questions about tax and pensions! This year our technical team hosted three tax year end themed quiz webinars. On this webinar, Mark Devlin, Senior Technical Manager covered the common things to think about when it comes to pension tax relief with a tax year end slant on things.
Our Seminars are designed to inform and educate on a wide variety of topics. You’ll find details below of our latest seminar events to register for.
ARTICLE
The M&G Treasury and Investment Office look at the latest developments in investment markets with their weekly investment commentary and podcast.
Pensions Tax Relief Tax Year End Quiz Check your answers Test your knowledge
On this webinar, Graeme Robb, Senior Technical Manager helped you gain an understanding of the following: The use of Absolute trusts in lifetime planning, Absolute/ Bare trusts created on death, The income tax, CGT and IHT treatment of Bare/Absolute trusts and planning considerations when using Bare/Absolute trusts.
On this webinar, Paul Fidell looked at the recent performance and Expected Growth Rates (EGRS) on the PruFund range from Prudential. M&G Treasury and Investment Office also provided a market update and also gave an update on the current portfolio.
ARTICLE by Neil MacLeod
Neil MacLeod
When it comes to cutting things in half there’s usually a right way and a wrong way to do it. If you want to eat your grapefruit with a spoon then cutting across the segments is clearly the way to go.
ARTICLE by Les Cameron
Les Cameron
I like my rugby so was watching the Autumn Nations Cup. And thoroughly enjoyed it I did too (well the parts where the ball wasn’t in the air that is).
The Loan Trust has been a long established feature of the Inheritance Tax and Estate Planning landscape. The Loan Trust isn't the most IHT efficient of your standard insurance companies trusts. But it's operation and flexibility means it's an essential part of the financial planners toolkit. It's a useful solution for everything from probate planning to having your client's make that first step to giving some of their money away.
Our technical team have been reading, writing and presenting on technical matters all year. From top slicing to tapered annual allowances, lifetime allowance to lifetime gifting and special types of trust to scheme pays. The questions have been varied and (sometimes) interesting.
VIDEO
Sahil Shaikh
In this update, Sahil Shaikh, Portfolio Manager at T&IO gives us an insight on opportunities and what we might see in 2021.
Mark Devlin
This short video looks at when IHT can be charged on pensions, and how the values for this can be estimated.
Graeme Robb
This short video explains the Taxation of Insurance Bonds and explores the five main chargeable event triggers.
Parit Jakhria
Parit Jakhria, Director of Long Term Investment Strategy at the M&G Treasury and Investment Office discusses changes to asset allocation and the impact of the recent US election.
On this webinar, Paul Fidell, Business Development Manager looked at the latest Expected Growth Rates (EGRs) and Unit Price Adjustments (UPAs) on a number of different products and discussed any changes made and why.
This short video looks at who what Benefit Crystallisation Events (BCEs) can occur after the members death and how these are taxed.
A walkthrough of how to use Prudential's Emergency Tax tool highlighting the calculations and functionality of this.
This short video looks at who what Benefit Crystallisation Events (BCEs) can occur during the members lifetime and how these are taxed.
One of the most important dates in the annual allowance cycle is the 6 October. This is the date when schemes are required to issue pensions savings statements for those that have breached their annual allowance or money purchase annual allowance. <br> <br>On this webinar, Mark Devlin, one of our Senior Technical Managers, took you through the information you need to navigate those advice issues for those who have breached their allowances but also the advice opportunities that may exist for those that haven’t.
ARTICLE by Adrian Gaspar
Adrian Gaspar
Frequently Asked Questions about MiFID II & IDD disclosure
Questions from advisers answered on Discounted Gift Trust
Phil Butler
Phil Butler, Multi-Asset Portfolio Manager, M&G Treasury and Investment Office discusses the impact of Covid-19 on markets, The FTSE vs the S&P500 and the importance of the US election on global markets.
A walkthrough of how to use Prudential's Salary Sacrifice calculator highlighting the calculations and functionality of this.
A high-level overview of how some of the main constituent asset class of PruFunds have performed over the third quarter.
Charles Griffith
Charles Griffith discusses both equity and fixed income markets in these turbulent times.
A walkthrough of how to use Prudential's Annual Allowance calculator highlighting the calculations and functionality of this.
ARTICLE by The Technical Team
The Technical Team
Enhanced protection was introduced by Finance Act 2004. Individuals who were eligible and continue to hold enhanced protection will not suffer any lifetime allowance excess tax charge when they take pension benefits in excess of the lifetime allowance.
Information on section 32 policies, what they are, when it would be used and the difference between it and a personal pension.
With the Lifetime Allowance being reduced over time to £1.0m, more and more people are facing the potential of being liable to LTA excess charges. Consideration of the availability of LTA protection is therefore a vital part of pensions planning.
Here we answer a few common questions we are asked about pensions.
Learn about the death benefits that can be provided if a member purchases an annuity contract, and the resulting taxes payable.
An explanation of the different legal structures for pension schemes, including personal and group pensions and master trusts.
Drawdown allows pension holders to take a tax-free lump sum and reinvest the remainder as an income. Specific approaches include capped drawdown, flexi-access drawdown and optional, short-term annuities. The most appropriate method will depend on whether your client’s scheme was in place before 6 April 2015, and their particular aims and objectives.
The government has introduced new requirements to help protect pension consumers, as well as changes to guidance, advice and support.
Information on protected early pension age and the three categories of members with the right to take benefits before the minimum pension age, along with the conditions affecting them.
Information on pension commencement lump sum (tax free cash), including key points, limits, entitlement and how to calculate the amount of tax-free cash.
The pension regulator has been issuing guidance to trustees, administrators and sponsoring employers of DB pension schemes in response to the Covid-19 outbreak. This has been picked up in the trade press.
Here we answer a few common questions we are asked about pension transfers.
A summary of the main types of pension arrangements, including money purchase (defined contribution), defined benefits and cash balance schemes.
Courts dividing assets during a divorce can take into account most pension rights. The settlement can be reached by offsetting, an attachment/earmarking order or a pension sharing order.
A walkthrough of how to use Prudential's Bond Gain Tool highlighting the calculations and functionality of this.
Learn about what’s allowed and what’s not allowed by HMRC when a member of a pension scheme transfers their accrued pension rights from one scheme to another.
Primary protection was introduced by Finance Act 2004 to protect people from unnecessary tax charges where their total benefits were valued at £1.5m (the newly introduced lifetime allowance) or more on 5 April 2006.
We provide answers to typical questions from advisers on pension plans impacted by divorce proceedings.
Information on pension switches without safeguarded benefits. We answer 'What is a pension switch?' and how it is different from a pension transfer.
Insight into three other types of money purchase pension schemes - retirement annuity contracts, self-invested personal pensions schemes and small self-administered schemes.
With the Lifetime Allowance being reduced to £1m, more and more people could potentially be liable for Lifetime Allowance excess charges. This makes considering Lifetime Allowance protections a vital part of pensions planning.
See how purchased life annuities provide a guaranteed income normally until death or expiry of a fixed term.
Find out about the types of death benefits that can be paid from a defined benefit scheme and how they’re taxed.
We explore the advantages and disadvantages of transferring a DB scheme to a DC type scheme and the assessment process, including Transfer Value Analysis Systems (TVAs).
ARTICLE by Graeme Robb
The UK tax system offers tax ‘breaks’ to trusts for vulnerable beneficiaries. It is critical that advisers understand who can benefit, how these tax advantages work, and the implications for trustee investment.
A short video taking you through the top three issues that we get asked about pension death benefits.
An overview of the types of power of attorney available in Scotland and what authority they have to make gifts.
Understanding why a trust might be incorporated into a will and how to identify the type of trust.
Barrie Dawson
Short video explaining how personal representatives administer bonds on death when the policy owner dies, including what documentation may be required and the tax considerations.
Frequently Asked Questions (FAQs) about Insurance Distribution Directive (IDD) disclosure of costs and charges
T&IO has put together a useful reminder of our position in terms of UK commercial property prompted by the increased interest in the asset class from our clients, and looks to address some of the main questions we’ve seen in recent weeks.
Top Slicing Relief (TSR) is very important for clients. Calculations can be tricky and involve a five-step procedure, but, on the plus side, TSR can assist clients by reducing the rate of tax charged on Insurance Bond gains by applying a spreading mechanism.
The Chancellor has written to the Office of Tax Simplification requesting the Capital Gains Tax regime is reviewed to identify and offer advice about opportunities to simplify it, and to ensure the regime is fit for purpose.
ARTICLE by Mark Devlin
On the 23rd of June this year Vince Smith-Hughes held a webinar titled “Retirement advice unplugged with Rory Percival” where the former FCA Technical Specialist discussed the recent FCA policy statement and guidance consultation on DB transfers.
A walkthrough of how to use Prudential's Extracting Company Profits tool, highlighting the calculations and functionality of this.
On this webinar Paul Fidell, Senior Business Development Manager looked at the recent performance on the Series E version of PruFund.
COVID-19 created a seismic shock across the globe. Of course, the health, safety and wellbeing of family, friends and loved ones takes priority but we have also witnessed the need for financial guidance and support in this turbulent period. Here’s ten questions to prompt your clients on matters that might understandably have slipped their minds in these challenging times.
Learn about the requirements of the TRS which became operational on 13 July 2017.
An example of how a grandparent paying into a pension for their grandchild can generate valuable retirement benefits as well as saving IHT.
The Government has just published “next steps” regarding the TRS. Before considering these, let’s briefly remind ourselves on the fundamentals.
ARTICLE by Michael Watt
Michael Watt
The 2019 Strategic Asset Allocation (SAA) review concluded that a reduction in the expected risk profile of the funds was appropriate given the prevailing economic and capital market conditions. This reduction was driven by the stage of the economic cycle and vulnerability to exogenous shocks, on the basis that we might be presented with better opportunities in the medium- term.
A video showing how differing methods of making a pension contribution affect the calculation of tax.
A video showing how the rates of tax relief can be higher than the marginal rates of tax a client pays.
A walkthrough of how to use Prudential's Tax Relief Modeller highlighting the calculations and functionality of this.
A look through how the personal allowance trap works, and how pension contributions can generate high rates of effective tax relief. As well as looking at intergenerational planning to alleviate IHT issues to assist those in this trap.
Understanding the Seven Steps required to calculate a client’s income tax liability
This is a short video which shows how making relief at source pension contributions can mitigate higher rate tax on bond gains.
Contributions, adjusted net incomes, taxable income, relief at source, net pay and extension of tax bands.
Despite the significant challenges that have prevailed so far this year and with much uncertainty still to come, as economies begin the process of re-opening, with Brexit fast approaching and a US presidential election in November, the teams within T&IO have re-assessed markets to understand where attractive long-term investment opportunities lie and how these can be implemented in PruFund portfolios.
When investing for the longer term it’s almost inevitable that you will experience a market downturn at some point and last month I wrote about tax points to remember if your client’s investments have fallen in value. But investment values can go up as well as down and some of the biggest market rises have come off the back of large market falls.
This is a short video which explains when and how the 14 year rule applies to gifts made up to 14 years before the donor’s death.
I’ve been given the task of summarising five important but not greatly reported changes in our financial world this month. So, I’ll keep the summaries brief with a view as to what these change in the planning sense.
Short video explaining what happens to Loan Trusts when the settlor dies, including inheritance tax treatment and what happens to the underlying investment held by the trustees.
A Top Slicing Relief (TSR) calculation should be embraced rather than feared. It is after all a good thing. Without it, clients could be disadvantaged by being charged in a single year on chargeable event gains accrued over longer period. Where appropriate, TSR reduces the rate of tax charged on the gain by applying a spreading mechanism. HMRC guidance tells us there are five steps involved in a calculation… or sometimes six. In honour of that, let’s consider five issues to look out for. In fact, let’s make that six!
A longer update from the M&G Treasury & Investment Office (T&IO) following an exceptional period of investor nervousness and market sell offs driven by a human event and not economics.
This short video looks at who is eligible to make pensions contributions and what parts of their income are relevant earnings.
We are on the cusp of an investigation into the suitability of drawdown and wider retirement income advice. To consider what the results might be, we need to look back in time.
With markets in turmoil around the world, it’s probably not a question of whether the value of your clients’ investments has reduced, but by how much.
Just over a month ago, global markets first confronted the reality that the coronavirus was a global issue. Since then, new cases globally have escalated rapidly and global capital markets have experienced exceptional volatility.
In order to understand why there have been changes to top slicing relief announced in the budget, it’s useful to have a quick recap of how we got here.
ER provides for a lower rate of CGT (10%) to be paid when disposing of all or part of a business where certain criteria are met.
As had been widely speculated given issues with the NHS Defined Benefits scheme the Chancellor announced changes to the Tapered Annual Allowance.
Phil Butler, M&G Treasury Office joined us down the line to discuss the latest developments in the geopolitical events at the forefront of the market such as Brexit, the coronavirus and tensions between the US and Iran.
Client facing video that describes how PruFund works.
Short video explaining how to calculate 5% tax deferred allowance on insurance bonds.
This short video looks at how you can use pension tax relief to recover capital losses.
Pension recycling is where a pension lump sum, or pension income, is recycled by reinvesting the income or lump sum into pension as a tax relievable contribution.
Discover how an employer can receive tax relief on pension contributions for an employee.
Discover useful guidance to help you consider whether flexi-access drawdown or UFPLS is the most appropriate route to achieve the client’s objectives for accessing benefits from their pension pot.
Information on uncrystallised funds pension lump sum (UFPLS); what it is, why it was introduced and how it is taxed.
We outline how pension income is taxed as earned income, using Pay As You Earn (PAYE) and cover some key considerations. Usually the income is initially set up with an ‘emergency tax code’.
Questions from advisers answered on the lifetime allowance, including queries about protection, LTA excesses, pre A-day benefits, LTA on death and other general questions.
The order gifts are made is important to mitigate the impact of IHT charges on discretionary trusts. Find out more here.
Tax relief rules and annual allowance rules work separately. Both sets of rules must be correctly considered to ensure pension savings are tax efficient.
Discover the three main ways to extract profits from a limited company and how these can be used to improve your client’s financial situation.
For pensions, the Lifetime Allowance (LTA) is the overall limit of tax privileged pension funds a member can accrue during their lifetime, before a Lifetime Allowance tax charge applies. The standard Lifetime Allowance is currently £1,073,100 (2020-2021).
A review of the main changes to annual allowance since its introduction on 6 April 2006, as well as common issues to consider.
We look at the process for the lifetime allowance test when paying an uncrystallised funds pension lump sum
There are a number of planning opportunities around Salary Sacrifice (or Exchange) which can produce the same pension contribution at a lower net cost, or a higher pension contribution at the same net cost.
Find out who is liable for the tax on an insurance bond chargeable event where the plan is held under trust.
A look through how the child benefit trap works, and how pension contributions can generate high rates of effective tax relief. As well as looking at intergenerational planning to alleviate IHT issues to assist those in this trap.
Information on how pensions can be used to mitigate child benefit and personal allowance tax traps as well as mitigate tax on bond and CGT gains.
Answers to common questions on using the Scheme Pays option to meet annual allowance excess charges
See the situations where inheritance tax may apply in relation to pensions.
Case studies demonstrating how the MPAA works for a selection of tax years.
Answers to some common questions we’re asked on the topic of pension death benefits,including options for how these may be paid, how payments are taxed, if a lifetime allowance test applies etc.
Learn about Potentially Exempt Transfers (PETs) and Chargeable Lifetime Transfers (CLTs), how they differ, their interaction with each other and their impact on Inheritance Tax.
Discover what spousal bypass trusts are, why they might be used and the tax implications of using them.
The Individual Savings Account (ISA) is a tax exempt savings vehicle for UK resident investors.
Pension planning and making contributions for others can be an effective way for the donor to reduce their taxable estate while saving into a pension for someone else.
Pension flexibility has increased the options available for those who wish to phase retirement. Discover the main types of withdrawal method and how it works in practice.
Questions from advisers answered about setting chargeable events gains for bonds against the starting rate for savings.
Learn how tax relief for a member operates including eligibility, methods of claiming tax relief and case studies.
The high income child benefit tax charge (HICBC) impacts those who have adjusted net income over £50,000 and are (or their partner is) receiving child benefit. Reducing adjusted net income can reduce the impact.
This short video focuses on the calculation of the Adjusted and Threshold income limits for tapered annual allowance purposes.
What you need to know about the income tax personal allowance.
Buy to let property, as well as pensions, continue to be popular investment vehicles for retirement planning. We look at the advantages and disadvantages of each.
What you need to know about top slicing relief, how it works and more.
Information on small pots and defined benefit trivial commutations, including payment, effect on entitlements to benefits and crystallised and uncrystallised benefit rights.
The new State Pension replaces the previous rules, which offered the basic and any additional state pension entitlements, for anyone reaching State Pension age on or after 6 April 2016.
Information on tax-free cash (TFC) and how it can be protected; the type of Lifetime Allowance protection held can also impact the calculation of the maximum TFC.
Nobody likes paying tax, but luckily our tax system offers legitimate opportunities to diminish tax payments. Clients can enjoy a substantial level of tax-free income by taking advantage of the various allowances within the tax system…and it’s not that technical.
Discover the main considerations when transferring a pension to or from a Qualifying Recognised Overseas Pension Scheme and new rule changes.
Everything you always wanted to know about trusts but were afraid to ask! This document shares the answers to common questions about existing trusts.
An overview of the types of power of attorney available and what authority attorneys have to make gifts.
Discover how the tapered annual allowance works, and the related planning issues.
Learn about salary sacrifice: what it is, why do it and what the drawbacks are.
Information on tapered annual allowance for high income client pensions.
Understand the corporation tax implications for a company investing in an Insurance Bond.
The money purchase annual allowance, or MPAA, was introduced with pension freedoms and this limits the amount of money which can be contributed to a money purchase scheme once pensions have been flexibly accessed before a tax charge is payable.
Understanding Top Slicing Relief. Why it exists and how it works.
Questions from advisers answered on tax relief and annual allowance (including carry forward) considerations when contributing to pensions.
Answers to common questions on the topics of small pots and triviality
Information on UK investment bonds, including what they are, identifying chargeable events, part arrangement (5% rule) and part assignments.
How Income Tax differs for Welsh taxpayers
Carry forward of unused annual allowance may allow a member to absorb or reduce any annual allowance excess paid in the current tax year which, in turn, would reduce any potential annual allowance charge amount.
Information on when can retirement benefits be taken, exceptions and key points.
Everything you need to know about pension schemes paying a member's annual allowance tax charge.
How inheritance tax planning can also help lower tax on a family basis and help with retirement planning.
Understand the corporation tax implications for a company investing in OEICs.
Authorised investment funds are collective investment schemes authorised and regulated by the Financial Services Authority (FSA).
Learn about the different types of death benefit, including those from defined contribution schemes, and the way they’re taxed.
Here’s what you need to consider in relation to the Lifetime Allowance and Annual Allowance to see if pension saving is still right for high net worth clients.
Using the scheme pays option to meet annual allowance excess charges
Pensions simplification brought us the ‘annual allowance’ for pension savings, on 6 April 2006. At its highest level this reached £255,000 but, since then, we’ve seen a massive drop in the AA limit followed by the ability to ‘carry forward’ unused annual allowance to offset AA excesses.
For the young and those with good levels of disposable income the dream of an early retirement at 55 could be achieved by bridging the income gap before State Pension is payable.
To help you know what information is needed to carry out AA calculations, and how to correctly populate the fields in our calculator.
How Income Tax differs for Scottish taxpayers
What you need to know about the interaction of a personal pension contribution and top slicing relief .
Information on taxation of offshore bonds. Find out how offshore life assurance bonds are taxed in the hands of individuals and trustees.
Learn how different types of income are taxed and how they fit into an individual’s income tax calculation.
Answers to questions from advisers on the effect of the chargeable event gain on personal allowance.
What is EIS, VCT or SEIS and what tax reliefs do they offer to investors? Find everything you need to know in our Knowledge Library.
What is a Discretionary Trust and what are the tax implications, charges and bands? Find everything you need in our knowledge library.
Learn about the interaction of discretionary will trusts and the inheritance tax transferable nil rate band.
Understand the corporation tax implications of a company investing in an insurance bond.
Gift aid is a tax-efficient way of gifting to charities.
Discover tax planning opportunities with UK investment bonds.
An overview of what authorised investment funds are and how they are taxed.
Information on tax planning with offshore policies, including what they are, time apportionment relief and excluded property trust.
What you need to know about the annual £3,000 exemption for Inheritance Tax purposes.
Learn the practical steps surrounding the transfer of the inheritance tax nil rate band.
Personal allowance planning involves reducing adjusted net income given the £100,000 income limit for personal allowance purposes.
In this article we cover some of the miscellaneous budget announcements impacting pensions, tax and trusts.
Information on UK tax and allowance for the years 2017/18 and 2018/19
Learn how outright gifts are dealt with for inheritance tax purposes and the implications of death within seven years.
This article provides an opportunity to learn about the planning options available for clients to maximise the RNRB.
Ben Constable-Maxwell, Head of Sustainable and Impact Investing with M&G Investments discusses ESG, who it is for, strategies, drivers and ESG in practice.
Learn about the availability of the RNRB for clients.
Following the sudden resignation of Scotland’s Finance Secretary, Derek Mackay, the Scottish Budget was delivered by the Minister for Public Finance and Digital Economy, Kate Forbes.
Find out which records are required for a trust with this useful guide for trustees.
Learn the overriding duties of trustees in relation to investments.
Help your clients make the most of their individual savings accounts (ISAs).
Find out why HMRC considers it prudent for a charity to take professional advice before purchasing an insurance bond or accepting a transfer from a donor.
Learn how the residence status of trustees as a body under UK rules is determined.
Learn how normal expenditure out of income can be a valuable inheritance tax exemption, and how to plan with it.
Questions from advisers answered on types of chargeable event gains for bonds and how to calculate them.
Loan trusts are designed for individuals who wish to undertake IHT planning but are unwilling to make outright gifts.
Information on discounted gift trusts and payment to beneficiaries; what to consider for payment to a beneficiary of a discounted gift trust while the settlor is still alive.
What you need to know about choosing how to withdraw funds from a bond when the whole bond is not being encashed.
Questions from advisers answered about the 5% tax deferred allowance and how it relates to chargeable event gains on bonds.
Information on family investment companies, including how using a family investment company is an inheritance tax (IHT) strategy for individuals with large estates subject to IHT.
Understand why investing in insurance bonds is problematic for unincorporated associations and charities.
Learn about the role discounted gift trusts play in inheritance tax planning.
Understand why domicile status can be important in establishing an individual’s tax liability.
Learn the duties and responsibilities of trustees
Business property relief is a valuable inheritance tax relief for business owners whether making a lifetime transfer or on death.
Learn about changing the underpinning investment on a discounted gift trust which has been used for lump sum inheritance tax planning.
Learn about the role Excluded Property Trusts play in inheritance tax planning.
Here’s how an attorney or court appointed deputy can make gifts on behalf of another person.
Loan trusts can be used to plan for inheritance tax, school fees, pensions and death benefits.
Learn about the role Probate Trusts play to ease the process on death of an insurance bond applicant.
Learn about the role insurance company gift trusts play in inheritance tax planning.
Answers to questions from advisers on the interaction of chargeable event gains on a bond and capital gains tax.
Find out how taper relief can reduce the tax payable on lifetime gifts.
Learn what insurable interest means and its different categories.
A personal injury trust is the name given to trusts which are usually set up by solicitors from payments as a result of an accident, injury or malpractice.
Learn about the special tax treatment for trusts that are set up for vulnerable beneficiaries.
Vince Smith-Hughes discusses sequencing of risk return. Look at examples of income taken, the order of returns and the possible impact on the future value of the fund.
Ciaran Mulligan, head of investment management oversight at the M&G Treasury and Investment Office, discusses his role and provides insight into our internal and external governance and due diligence processes.
Michael Howard, head of alternatives at M&G plc discusses his role and provides insight into some of the unique alternatives assets we invest in that underpin our portfolios.
Parit Jakhria, Director of long-term investment strategy at the M&G Treasury and Investment Office, discusses his role and how we align our long-term investment strategy with our clients aims and objectives.
ARTICLE by Paul Fidell
Paul Fidell
Suitability comes in many different forms, and there is a growing need for asset managers to better align fund processes with the requirements of the client.
A guide to pension annuities: the essential facts and issues to consider.
Ben Constable-Maxwell, Head of Sustainable and Impact Investing at M&G Investments discusses ESG investing and the driving forces behind it.
ARTICLE by Michael Howard
Michael Howard
Michael Howard, Head of Alternative Investments analyses how alternative assets can benefit multi-asset portfolios.
If you give advice about tax, or are a financial institution, you may need to send a letter to clients who have income or assets overseas.
As I’ve been given a limited word count to make this article “small & punchy” expect a few links to other articles to follow, possibly a few more links than I intended given my opening!!
We’re into tax year end and many people are busy getting all those things done as 5 April looms, whether that be finalising pension contributions, using up allowances or bed and breakfasting those capital gains.
Thanks for coming to our recent ‘Investment Matters – Review, Plan, Action’ seminar. We hope you got a lot out of it.
Changing demographics, globalisation and technology are just some of the factors pushing capital from Western economies to Eastern economies over the past thirty years. Are multi-asset portfolios at risk of being left behind amid such historic regime shifts? Parit Jakhria, Director of Long-term Investment Strategy at Prudential Portfolio Management Group (PPMG) explores these regime shifts.
Multi-asset is evolving from straight forward cautious and balanced outlooks to outcome-orientated and targeted-return strategies. But as investors enter a new era of quantitative tightening, a focus on traditional, long-term metrics will be key to achieving success according to Prudential Portfolio Management Group’s (PPMG) Andy Brown.
As the universe of multi-asset solutions continues to grow, the key to delivering long-term, stable returns often relies on how well the underlying drivers of risk and return are understood and managed in a portfolio. But how easy is it to model the possibilities? Dipanjan Roy of PPMG explains.
Seen as the building blocks of a portfolio, strategic and tactical asset allocation processes should work in tandem to deliver on-target and risk-adjusted returns. Here, the two processes are analysed to see how they complement each other to deliver long-term results. Barry Widdows, Head of Multi-Asset Portfolio Management & Phil Butler, Multi-Asset Portfolio Manager at Prudential Portfolio Management Group (PPMG) share their analysis.
ARTICLE by Nick Hunt
Nick Hunt
The FCA’s aim, through its two year review, was to assess the outcomes of the pension freedoms introduced in 2015 and propose fixes for emerging issues – all of which advisers and providers need to consider carefully.
As a sci-fi geek and former Physics student, the concept of time travel often intrigues me. This also explains the title of the article, as all three have had links to time travel, or in Cher’s case she wished she could.
ARTICLE by Jacqueline Clezy
Jacqueline Clezy
Your client has an annual allowance excess which means they’ve a tax charge to pay. You’ve heard a pension scheme will pay this charge from a member’s benefits using ‘Scheme Pays’.
The question we get asked most frequently about public service pension schemes is how to calculate pension input.
We are frequently asked about the rules for paying pension contributions after age 75. If you haven’t a Scooby, I’m happy to help solve the mystery machine of pensions law about this.
Watch our short video on having conversations with your clients if they are going through divorce.
You’ll need to take a risk based approach when considering the appropriate level of security for the personal data you process, including its use, storage and transfer.
You’ll need to review your policy around managing customer’s personal data and communicate how you handle privacy information by way of a Notice. Find out what to include.
Do you know the difference between data controllers and data processors? Do you know why a Data Protection Officer has a unique role within a firm?
Basic human error may open the door to cybercrime, what simple mistakes could be avoided.
Use our checklist top ensure your business is GDPR compliant.
What are the lawful reasons for holding personal data?
Understanding the rights of data subjects is fundamental to GDPR compliance.
GDPR gives the ICO and other regulators, greater powers to take action quickly and forcefully on non-compliance. Depending on what’s gone wrong, you and your business could face a number of challenges.
If a breach happens, what do you need to report?
On this webinar George Pullar, Business Development Manager will start by looking at the key benefits of investing in investment bonds, with a focus on education funding and IHT planning. Following on from George, Liz Hardie, Technical Specialist will take an in-depth look at Assignment through use of a case study.
On this webinar, Stan Russell, Senior Business Development Manager will begin by looking at the IHT implications if a client makes a transfer and dies within two years. George Pullar, Business Development Manager will then go on to look at some of the key challenges faced when moving in to decumulation and looking to support a sustainable income and the use of ISAs as part of the key strategy
Now that Scottish Rate of income tax (SRIT) has been passed, Mark will look at a particular quirk between the devolved and non-devolved powers to highlight the highest UK rate of tax.
The FCA have issued a consultation paper with proposals to improve the quality of pension transfer advice. This is a summary of the proposals included within CP 18/7.
A summary of PS18/6
Michael Howard, Head of Alternative Investments, discusses the opportunities presented by investments in infrastructure.
