Breakfast Briefing – Retirement, Pensions and Succession Planning: Finding The Best Savings Route For Your Client

Overview

The reach of the new pension freedoms is starting to be realised in the wealth management industry, from catering to the increase in advice and risk profiling necessary to help clients maintain their savings throughout their retirement period, to optimal estate planning and wealth transfer techniques. This breakfast briefing will assess lessons learned six months in to the new reforms, as well as what practitioners must do to ensure the sustenance of client wealth moving forward. Points to be covered include:

• Innovative products on offer to efficiently make gains in a pension fund – matching longer-duration products with appropriate risk-profiling
• Tackling lifetime allowance limits with alternatives for pension savings routes such as ISAs
• Ongoing client education, from longevity risks to the new complication of tax pictures
• Estate planning – how bequeathing can be used as a wealth transfer tool
• Adapting wealth structures for effective succession planning, such as the use of child pensions and trusts
• What can be learnt from the Australian pension reform experience?