Pensions Roadshow

Thursday 2 May 2019

We’d like to welcome you to our first Royal London pension roadshows of 2019!

We’re hosting these as a chance for you to have face to face contact with our experts who’ll be sharing their knowledge within the world of pensions and investments.

Our speakers will talk through key changes and developments in these areas, offering CPD certificates for each session. You'll also have the opportunity to ask some questions and discuss any challenges that you and your business are facing.

During registration you'll have the chance to enjoy some food and refreshments whilst chatting amongst peers and colleagues.

Here's a few words about our roadshows from our Head of Strategic Partnerships, David Ellis:

At Royal London we believe the best customer outcomes and experience will always be anchored in quality impartial advice. That’s why we choose to focus on developing solutions that will help you deliver the crucial services your client’s need. A key part of our approach is to engage with advisers face-to-face to talk through important matters of the day. This is the purpose of our pension roadshows. We very much look forward to see you at your local event.

Throughout this presentation we investigate the pension issues Royal London’s technical team are regularly asked about. This gives us the purest insight into the areas advisers are seeking clarification in order to assist their clients. We include planning points at the end of each section to demonstrate practical measures advisers can use to alleviate some of the problems their clients may encounter. We’ll take a look at State Pension, and the impact of the introduction of the New State Pension in April 2016.

We also look at funding issues with regards to the State Pension, how these are impacted by increasing longevity as we explore the various remedies being proposed by the Cridland review and the Government Actuarial Department’s most recent Quinquennial Review. From here we consider the Tapered Annual Allowance (TAA), which will really start to impact more clients this tax year as we have now passed the 3rd anniversary of its introduction. This involves a case study and looking at the financial considerations as well as the wider implications which must be considered.

Lastly we consider the Retirement Outcome Review. In June 2018 the FCA released the final report on ROR which primarily looks at issues affecting the non-advised drawdown market. We investigate the findings from this report and but also consider what impact these findings could have on the advised market in the future.

Learning outcomes:

  • Identify the key legislation changes relating to the State Pension
  • Consider the issues with the tapered annual allowance and the decision whether to stay or leave the scheme
  • Understand the main concerns raised by the Retirement Outcomes Review

Justin Corliss - Senior Business Development Manager, Royal London

Justin’s first foray into Financial Services was in Australia in 1997 with Commonwealth Bank of Australia working predominately in retail mortgage lending. In 2002 Justin and his British wife moved to Scotland where he worked in broker consultant roles with both Scottish Widows and Scottish Life before spending a brief period as an Employee Benefits Consultant dealing predominately with Auto Enrolment and associated business consultancy.

Justin has studied continuously since arriving on these sunny shores and holds the Advanced Diploma in Financial Planning including the CeMap and Lifetime Mortgage qualifications. His primary focus is pension planning and he holds the AF3 qualification.

Since pension freedoms were introduced, we’ve seen more people using income drawdown than ever before. The number of plans purchased has more than quadrupled since 2013.However, income drawdown is not without its risks. Research has shown that individuals have a tendency to underestimate their life expectancy and there’s a real danger that people could run out of money in retirement.2

This presentation will look at different ways to invest in retirement and how to manage client expectations when it comes to income sustainability.

Learning outcomes: 

  • Identifying risk factors and regulatory concerns associated with income drawdown
  • Understand how to invest to meet customer needs in drawdown 
  • Recognising the varying needs of clients in retirement and understanding the considerations involved in meeting those needs

1https://www.fca.org.uk/publication/data/data-bulletin-issue-14.pdf 
https://fca.org.uk/publication/market-studies/ms14-03-2.pdf 
2https://www.theactuary.com/news/2018/05/millions-of-brits-underestimating-life-expectancy-by-a-decade/

Euan Craig - Investment Proposition Manager, Royal London

Euan Craig is an Investment Proposition Manager in the Investment team at Royal London. He is responsible for the day-to-day management of the RLI investment proposition, as well as contributing to a number of committees across the Group, both investment and otherwise. After graduating from University in 2011 with a degree in Business Studies, Euan initially joined the Protection arm of Royal London before moving into the Investment team in 2014. Euan is also a holder of the Investment Management Certificate.

Morning Session - Newport

Agenda
Breakfast and registration from 09.00
Session 09.30 - 11.30

Location
Holiday Inn Newport
Newport
NP18 2YG

Visit the venue website

Parking
Please register your car at reception to receive complimentary parking.

Afternoon Session - Bristol

Agenda
Lunch and registration from 13.00
Session 13.30 - 15.30

Location
Aztec Hotel & Spa
Bristol
BS32 4TS

Visit the venue website

Parking
Car parking is complimentary.

This website is intended for financial advisers only and shouldn't be relied upon by any other person. If you are not an adviser please visit royallondon.com.

The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL.