Practical pension transfer briefing

Investment Education Plc

Course

In

Price on request

The best Financial Planning courses

See all

See all

Description

  • Type

    Course

  • Start date

    Different dates available

Background
Following Simplification, many consider that Pension Transfers are simple and do not need any specialist knowledge. This is simply not the case; there are still differentials between schemes and the alternatives and also aspects which need to be considered when compiling a recommendation.
This one day course provides a complete coherent view of all the factors which must be considered, details of computations, documentation and critical dates. This is not purely from a technical or theoretical view point, but includes the practical aspects which can cause difficulties.

Delegates
Life Assurance and Pension Advisers who are not experts in this area
Administration support staff who assist advisers dealing in this area
Those who have acquired G60 in the past and need to refresh their understanding of the situation post a day
Pension Fund Administrators
Insurance company staff involved in processing transfers or transfer queries

Facilities

Location

Start date

Start date

Different dates availableEnrolment now open

Questions & Answers

Add your question

Our advisors and other users will be able to reply to you

Who would you like to address this question to?

Fill in your details to get a reply

We will only publish your name and question

Reviews

Subjects

  • Risk
  • Staff
  • Executive
  • FSA
  • Market
  • Options
  • Investment
  • Benefits
  • Insurance
  • IT risk

Course programme

Content
Background
-Differential between Occupational and Personal Pension Rules pre A day
-A day changes and how these may have been interpreted by schemes
-Legislative Requirements for changes
-Documentary Requirements for changes
A Day changes i.e. Simplification
-How these affect the insured schemes Executive Pension Plan, SSAS, Section 32
-How these affect the large schemes - Defined Benefit, CIMP/COMP
-How these affect Retirement Annuities/Personal Pensions/SIPPs
Defined Benefit Funding
-Methodology
-Minimum Funding Requirement/Scheme Specific
-Deficits/surpluses
-Actuarial Reports/Annual Certificates
-Trustee-s Annual Reports
-Understanding and interpreting information provided by schemes
Death benefit rules
-Pre & Post A Day limits
-Pre -97 benefits
-Post -97 benefits
-Protected Rights/GMP/Safeguarded rights
-Other benefits
Tax Free Cash rules
-Pre & Post A Day limits
-Retirement Annuity Cash
-Defined Benefits cash
Contracting Out
-Methods and options available via all routes
-GMP/Protected Rights/Reference Scheme
-SERPS & State Second Pension
-Interaction with state schemes - top ups etc
-How transfer affect - advantages/disadvantages
-Cost and benefits
-Interaction with attitude to risk
-Interaction with scheme and provider security
Money Purchase - Investment aspects
-Options and facilities
-Comparative costs
-Penalties and deductions
-Enhancements/bonuses
-Market Value Adjustments - insured and Defined Benefit
Defined Benefit - Evaluating a transfer value
-How these are calculated for defined benefit schemes
-Adjustments in respect of deficits
-Cash for Pensions/bonuses/overrides etc
-How markets affect transfer values
Miscellaneous
-Guaranteed Annuity Rates
-Traditional With Profits
Compliant Advice Process
-Fact Finding
-Fees/Commission
-Data Gathering
-Suitability Report - contents, requirements imposed by FSA
-Presentation/Explanation to client
Implementation
-Forms involved
-Parties involved
-TCF requirements
-FSA requirements
-Timescales



Todays Date: 8 September 2017
Duration 1 day

See related categories

Practical pension transfer briefing

Price on request

The best Financial Planning courses

See all

See all