Pensions

Access to the best of DC and DB pension schemes?

Is it foolish now to scorn the benefits of a DB scheme, in light of the new pensions flexibility? Oppose their outrageous good fortune? And take up arms against them with FAD? There’s no doubts that (for some) the new pension flexibility rules make the DB/DC transfer argument a lot closer. Are the new rules […]

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1, 2, 3 on Flexi-access drawdown (FAD)

Flexi-access drawdown is the new drawdown, post-6 April 2015. There are 3 key planning points about FAD which are worth thinking about: 1. Tax-free-cash (TFC) 2. Death benefits (DB) 3. MPAA Phased drawdown was used to provide a tax-efficient income (using TFC) with best DB options. No need any more. Death benefits under FAD are […]

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What the model answer doesn’t show you

If you’re studying for the AF1 exam (or even the AF3 exam, or AF4 exam or AF5 exams), you will have noticed by now that you’re likely to be asked one or two calculation questions. If you’ve looked at any past papers or if you are following our structured study plan, you can’t fail to […]

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Study schedule alert: week 2 already!

Lots of of you ask questions about the weekly study schedule for the exam. Without exception, you think it’s a good idea. What does it look like? Well, here’s this week’s email; they are sent out every Tuesday and this week is the 2nd week already! Weekly study Schedule: week 2 This email is reminding […]

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Plan to keep your capped drawdown flexible

Capped drawdown will continue post-6 April 2015. It will continue in it’s current format for all those in capped drawdown on 5th April. You’ll have to be in it, to win it post-6 April. Capped drawdown (BCE 1) will still be capped drawdown on 6 April, as long as you stay within GAD limits. Why […]

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The perfect pension storm is forecast sunny

I read that the new pensions flexibility rules would result in £1.5 billion of transfers from occupational schemes. Think nearer £15 billion. Do you know your 5 biggest DC occupational schemes? Get in front of the HR Director and Pensions Manager, right now. Get on the phone right now. They won’t be offering the new […]

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Planning for a successful April 2015? It all starts tomorrow…

Happy New Year and all the very best for 2015. This is a momentous year for pensions; 2015 will be a great year for pension advisers. Like you, since the new pension flexibility rules were outlined in October, I’ve spent some time analysing the technical detail and the implications. I’ve seen all the pictures of […]

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