Drawdown and Retirement Income Proposition Masterclass
Drawdown and Retirement Income Proposition Masterclass
Our Drawdown and Retirement Income Proposition Masterclass has been designed to refresh your knowledge and practical application in the key areas of drawdown, death benefits and retirement income portfolios. This is essential viewing and relevant for any drawdown focused adviser.
We deliver interesting and engaging content including a full and comprehensive PDF download for those who like to read, review and reflect. Video tutorials covering all the key concepts, and worked examples in an easy and engaging learning style. This Masterclass will give you the confidence to engage more proactively with your clients – to help you provide better advice, and ultimately write more business.
We will evidence your transfer of learning using a multiple choice quiz and on passing this, you will be awarded with an Expert Pensions certificate providing 4 hours of structured CPD towards your annual statement of professional standing (SPS).
Masterclass Learning Outcomes
On successful completion of this short course on pension drawdown and retirement income proposition, you will have achieved the following learning outcomes:
- Learning Outcome 1
Describe how income drawdown has changed over the years, from its introduction in 1995 to the Pension Freedoms launched on 6th April 2015. - Learning Outcome 2
Explain how capped drawdown works, including reference periods, the process for calculating the GAD basis amount and recalculating the holder’s maximum drawdown amount. - Learning Outcome 3
Briefly explain how flexi-access drawdown works and how it differs from its predecessors, capped drawdown and flexible drawdown. - Learning Outcome 4
Describe the death benefits available to beneficiaries of a member’s flexi-access drawdown on death before and after the age of 75, including their tax treatment and whether a lifetime allowance test is required. - Learning Outcome 5
State what a short-term annuity is and explain their potential use within drawdown. - Learning Outcome 6
Review the advantages and disadvantages of drawdown in the context of transferring out of a defined benefit scheme to access flexi-access drawdown. - Learning Outcome 7
Explain what is meant by the term ‘centralised investment proposition’, including the advantages and disadvantages of their use. - Learning Outcome 8
List the investment ratios that can be used to analyse fund performance, explain what each of them demonstrates, noting any limitations in their use. - Learning Outcome 9
Compare advised investment portfolios with managed investment portfolios, taking into account how they work, their advantages and disadvantages. - Learning Outcome 10
Outline the use of income funds in retirement income strategy, including when they may and may not be suitable for a client. - Learning Outcome 11
Review the use of discretionary investment management in retirement income strategy, including their advantages and disadvantages. - Learning Outcome 12
Explain how covered call options can be used to boost retirement income, including both the advantages and disadvantages of employing such a strategy. - Learning Outcome 13
Describe what is meant by the terms ‘sequencing risk’ and ‘reverse pound-cost averaging’ and the dangers they pose to clients in drawdown.
Drawdown and Retirement Income Proposition Masterclass
Why choose Expert Pensions?
At Expert Pensions we have specialists who have gained knowledge in their particular subject over a sustained period of time (a specialist spends a significant amount of time, (usually over 10,000 hours) honing their craft), which is hard to come by. We have become the “go-to” expert in terms of studying for financial services exams, cpd, masterclasses and our triage service where our knowledge and expertise goes deep and wide.
Our Masterclasses have been written and designed by professionals for professionals. They are an immersive online experience. Each class includes extensive pre-recorded video content, downloadable pdf’s, an online quiz and a CPD certificate. The videos are viewable at any time, and they can be paused, fast-forwarded, and re-watched as many times as you’d like.
Our Masterclasses will power up your career and future-proof your business by focusing on key topics. Designed to connect you, your clients and your business, this is not about ticking a box, this is to develop your technical and practical understanding of subjects and products that you discuss with your clients.
Continuing Professional Development (CPD)
Continuing Professional Development is just as important for your future career potential in the financial sector just as much as passing exams was early on in your career. Effective and consistent CPD is an essential part of maintaining professional standards providing your clients and employer with the reassurance that, as a financial services professional, you continue to maintain and develop your knowledge and skills. Click below to read the FCA’s guidance on professional standards for advisers:
https://www.fca.org.uk/firms/professional-standards-advisers