Join us on Tuesday 5th May and enhance your understanding of Pensions with experts from Verve, Royal London, Standard Life and AJ Bell.

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Royal London: Retirement Income Advice Review

This presentation investigates the FCA’s Retirement Income Advice Thematic Review – TR24/1. The findings are based on the responses from the 977 adviser firms that answered the FCA’s data survey, and a desk-based review of 24 firms’ files.

Explore aspects of retirement income advice, such as Income withdrawal strategies, risk profiling, advice suitability and the use of cashflow modelling tools. With income drawdown the most common means of accessing pension pots since pension freedoms were introduced in 2015, this insight into the regulator’s expectations will be of significant benefit to firms advising on retirement options.

Learning Objectives:

• Be able to list the regulator’s main concerns with retirement income advice
• Identify good and poor practice associated with retirement income advice
• Outline best practice for income drawdown reviews

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Standard Life: Why Pensions Still Matter

Pensions continue to play a crucial role in building long-term financial security, even as retirement rules, tax policy and access options evolve. Standard Life will examine the key benefits of pension saving, including tax efficiency and long-term growth potential, while also considering how evolving tax policy — including upcoming changes to inheritance tax treatment — may affect how pensions fit into wider estate and retirement planning. Then move on to decumulation and the main ways pension savings can be accessed in retirement.

Learning Objectives:

• Understand why pensions remain a cornerstone of long-term financial and retirement planning
• Appreciate how upcoming inheritance tax changes may influence pension planning and legacy considerations
• Explain the main options available when accessing pension savings in retirement
• Recognise the importance of integrating tax, income and legacy planning when approaching retirement

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AJ Bell: Inheritance Tax on Pensions

With pensions to be included in a deceased’s estate from 6 April 2027, get the know-how to help your clients, their beneficiaries and personal representatives navigate the new landscape. Look at which death benefits are impacted, how the tax charges can be paid and who is liable. There will be significant additional work for those dealing with estates, and this session will help you support clients who are executors through the new process.

Learning Objectives:

• Which pension death benefits are included in the estate, and the relevant exemptions
• HMRC’s proposed process for calculating and reporting IHT on pensions
• The options for paying any IHT due
• In what circumstances withholding notices can be issued (and withdrawn)
• The interaction of IHT with income tax for beneficiaries of clients who die after their 75^th birthday
• How beneficiaries can claim a tax credit for overpaid income tax