Nov 20 2024 59 mins
Scottish Widows’ pensions specialist (and Big Day Out 2024 ‘Quiz the Expert’ alumnus), Gareth Davies, joins host, Richard Allum, for the follow-up to his popular ‘Is there a recipe for successful retirement income advice?‘ Assembly which we held back in June.
Why a second helping?
An unbelievably busy Chat meant that Gareth fielded a fair few comments and questions which left too much ground to cover in just one lunch hour. So Gareth agreed to come back later in the year to conclude his survey of the retirement advice landscape.
In this concluding Assembly, Gareth and Richard…
- Revisit the annuities vs. drawdown debate - examining the case for ‘annuities plus drawdown’, exploring the latest annuity features, and discussing strategies for annuitising fully crystallised pension pots.
- Dig into pension death benefits: they’ll consider the options and potential pitfalls of death benefits – plus focus on the importance of nomination forms and their regular review.
- Assess the effect of regulatory change: if there’s time, they’ll consider how the FCA’s thematic review is influencing retirement income advice, what it may mean for centralised retirement propositions, and what it means for your ongoing assessment of suitability.
It makes for a lunch-hour Assembly that’s packed with valuable insights and practical ideas that you can apply to client cases right away.
Useful links
Don't forget to grab your CPD for tuning into this Assembly. Just add your details to the survey and the certificate will be emailed to you within an hour.
In case you haven't heard it, you can hear Gareth's appearance in Is there a recipe for successful retirement income advice? from June 2024. You can also find all the links for that session at the event page.
Gareth mentioned HMRC's technical consultation on IHT on pensions and, in the chat, Nick Bromhall posted a link to the HMRC IHT Manual which has helpful information about gifting out of income.
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