Industry news and views from Panacea and our partners.
Fidelity Adviser Solutions
Fidelity Adviser Solutions: Webinar: Retirement income advice in a changing regulatory landscape
The FCA recognises advisers have a key role to play in helping clients make decisions for the decumulation phase of their lives. However, a recent review highlighted some concerns – it found that not all firms have evolved their approaches. Fidelity Adviser Solutions hope you can Join them on Thursday 6 June at 11.00am – their panel of experts will consider the FCA’s review of the retirement income advice market and what the implications are for advice firms.
Fidelity Adviser Solutions: The sustainable investing guide for advisers
All you need to know about ESG investing and meeting client needs.
Fidelity Adviser Solutions: Investing beyond pensions and ISAs
If a client has money to invest but they’ve already made full use of their pension and ISA allowances, what should they do next? This is something of a conundrum – it isn’t as simple as a bond versus a collective. As Fidelity Paul Squirrell shows within this article, a lot depends on the rate of tax the client pays over the course of the investment as well as the rate they pay at the end.
Fidelity Adviser Solutions: Maximising tax benefits within an ISA
As we approach the tax year end, Fidelity’s Paul Squirrell examines investing within an ISA. He considers why it’s best for clients to use the allowance as soon as possible in the tax year, options for investing in uncertain times and why it makes sense for fees to be paid outside the ISA wrapper wherever possible.
Fidelity Adviser Solutions: 2024/25 tax tables available
Fidelity Adviser Solutions 2024/25 tax tables are available with all the rates and thresholds for the coming year. Download your copy from our tax year end hub now.
Pensions: still the first port of call for retirement savings
Over recent years, there have been many presentations that have extolled the efficacy of ISAs compared to pensions in terms of tax. However, as Fidelity’s Paul Squirrell explains, we shouldn’t hoodwink ourselves that someone should be paying into an ISA when they still have pension allowances remaining.
Pensions are now even more attractive to those saving for retirement
The appeal of saving into a pension became much greater in March 2023 when a number of allowances were boosted in the Spring Budget. However, the biggest game-changer was the removal of the lifetime allowance tax charge for this tax year and the replacement regime coming in April. Fidelity’s Paul Squirrell explains why this change requires a complete rethink on the approach to saving for retirement.
The LTA replacement regime explained
The lifetime allowance (LTA) replacement regime comes into force for pensions on 6 April 2024. This sees the introduction of three new allowances.
The green frontier: navigating the new SDR regulations
Join us on Wednesday 21 February 2024 at 10am where our panel from across the industry will explore what the new regulations mean for advisers and how they could affect investor behaviour. They will also examine the current political landscape around the world, the outcomes of COP28 and what this all could mean for markets and the performance of sustainable investments.
Next Generation Financial Planning Software
Join us for a live webinar on 22 February at 10.30 where you’ll learn about Conquest Planning's game-changing software and see the tool in action. Gabby Rondel, Fidelity's Conquest Business Development Manager will demonstrate how the software works and the benefits to you and your business, as well as how this enables better client outcomes.
Update: 'Replacement' of the lifetime allowance
Following an initial Policy Paper and a Draft Finance Bill issued last summer - and a resulting consultation period - further draft legislation was released in November 2023. This has provided more clarity on the new rules and the transitional arrangements. In this postcard, Fidelity's Paul Squirrell summarises some of the announcements made in the draft legislation and analyses what this could mean for financial planning.
Fidelity Adviser Solutions: Update: 'Replacement' of the lifetime allowance
Last year, it was announced that the pension lifetime allowance would be 'abolished'. Initial measures were put in place for 2023/24, while the longer-term plan for its 'replacement' – from 6 April 2024 – was to be delivered through further legislation. Following draft proposals and a consultation, further draft legislation was released in November. This has provided more clarity on the new rules and the transitional arrangements.
Fidelity Adviser Solutions: Tax planning insights and practical tips
With lots of changes to tax allowances and other regulations over the last year, Paul Squirrell takes a high-level look at some of the main considerations for financial planners as we approach the tax year end, while Jon Hale shares some practical tips for managing client accounts
Fidelity Adviser Solutions: Financial planning considerations following a year of change
Time is running out to register to Fidelity Adviser Solutions live webinar on Thursday 18 January at 10.30am. Make sure you join in.
Fidelity Adviser Solutions: Building and maintaining client trust
The relationship you have with your clients is obviously a crucial aspect of your business. You offer them so much more than just technical information or investment advice. You provide peace of mind, for example, and help clients achieve their life ambitions. Here, as part of Fidelity Adviser Solutions ‘Building profitable practices’ series, we present some ideas to help you make the most of your client interactions.
Fidelity Adviser Solutions: Financial wellness insights for your clients
Having a good relationship with money and making the most of it day to day is so important. So, how can you help look after clients' financial wellness? Fidelity Adviser Solutions have developed several articles on financial wellness that you can share with your clients. These encourage readers to adopt better financial behaviours that can help keep them on track for a healthy financial future.
Fidelity Adviser Solutions: Investment Outlook: Is opportunity knocking?
Nine months into 2023 and investors have had a smoother ride than last year, although it has been far from plain sailing. Although inflation has started to fall back, investors have had to get used to a new 'higher for longer' interest rate narrative and the economic outlook remains uncertain. Fidelity’s Tom Stevenson shares his thoughts on the global economy and where potential opportunities lie.
Fidelity Adviser Solutions: IFA DNA 2023: Adapting to uncertainty
This year Fidelity’s IFA DNA research explores how firms, and their advisers are adapting to ongoing uncertainty – a challenging low growth and recessionary environment where clients are adjusting to higher interest rates and a cost-of-living crisis. Fidelity Adviser Solutions have also included our Special Report which examines the impact of regulation and tax changes on advice firms. Hear what your peers have to say.
Fidelity Adviser Solutions Webinar: Talking Points – latest technical updates in one place
Retirement savings hierarchy including capital gains management
Fidelity Adviser Solutions: How ISAs might change – Autumn Statement
The rules and incentives governing savings may be up for review at the Autumn Statement next month (22 November). Reports are emerging of an overhaul of the regime for ISAs. With little room for tax giveaways, the government may need to rely on tweaks to savings as a financial sweetener to families. But how? Fidelity’s Ed Monk examines some of the proposed ISA reforms.
Fidelity Adviser Solutions: Do these numbers put the State Pension triple lock at risk?
Official numbers published in September could have a very big impact on the future incomes of pensioners. That’s because the September number is used to work out State Pension rises under the ‘triple lock’ - the government’s promise to raise the full State Pension each year by the highest of either inflation, wages or 2.5%.
Retirement savings hierarchy webinar
Recent tax changes mean there are important new considerations when thinking about the tax wrapper hierarchy for clients saving for their retirement. In this one-hour webinar, Paul Squirrell will run through how the changes affect the planning process while Jon Hale will demonstrate how to practically manage and facilitate any required actions on our platform.
Fidelity Adviser Solutions: The NMPA and protected retirement ages
The Normal Minimum Pension Age (NMPA is currently set at age 55 and is due to increase to age 57 in April 2028. However, clients may have various forms of protected retirement ages in place – all with associated conditions attached to them.
Fidelity Adviser Solutions: Update: 'Replacement' of the lifetime allowance
In the Spring Budget, an announcement was made that the lifetime allowance (LTA) would be 'abolished'. Following temporary arrangements for 2023/24, the full replacement of the LTA is planned from 6 April 2024. Draft legislation has now been issued and it contains some surprises – not least to the treatment of pension death benefits.
Fidelity Adviser Solutions: Retirement savings hierarchy webinar
Tax changes announced by the Government mean there are important new considerations when thinking about the tax wrapper hierarchy for clients saving for their retirement. To help you navigate the implications for retirement planning – and to demonstrate how to practically manage and facilitate any required actions on our platform – Fidelity Adviser Solutions are holding a webinar on 20 September 2023 at 10.00am.
Fidelity Adviser Solutions: Why Now is a Good Time to Invest in AIM
AIM offers a number of attractions for private investors, including exposure to growth companies and the ability to mitigate Inheritance Tax.
Fidelity Adviser Solutions: Webinar: Retirement savings hierarchy
Tax changes announced in both the Autumn Statement and Spring Budget mean there are important new considerations when thinking about the tax wrapper hierarchy for clients saving for their retirement.
Fidelity Adviser Solutions: £205K to replace - why clients really need a full State Pension
The income from the State Pension is extremely valuable – and very expensive to replace. Latest annuity prices show that replacing the current maximum State Pension would cost £205,430. What’s more, an individual would need £265,005 of pension savings in drawdown to recreate the same amount (assuming a 4% withdrawal rate). It therefore makes sense for most clients to maximise the income they receive from the State Pension.
Fidelity Adviser Solutions: NMPA and protected retirement age
The Normal Minimum Pension Age is currently set at age 55 and is due to increase to age 57 in April 2028. However, as Paul Squirrell covers in this video, clients may have various forms of protected retirement age in place – all with associated conditions attached to them.
Fidelity Adviser Solutions: Considerations around pension contributions
Paul Squirrell, Fidelity Adviser Solutions’ pension expert, runs through many of the considerations relating to pension contributions for 2023/24. This includes the annual allowance and how tax relief is applied across the various types of contribution, tapered annual allowance, MPAA and the tax charge.