Local seminar

Tuesday 2 & Wednesday 3 July 2019

We hope that you can join us for a seminar that’s in your area.

You can register for any of the sessions below.

Each session will have a running time of 90 minutes, with food and refreshments available at each venue before the seminars begin. 

A certificate of attendance of 45 minutes will be offered for Steve's session. A CPD certificate of 45 minutes will be offered for Clare's session.

Hear Director of Policy & External Communications for Royal London, Steve Webb, share his insight on the Pension landscape 2019. Joined by Head of Business Development, Clare Moffat, who will present The business owner.

Steve Webb, Director of Policy at Royal London will provide an update on the latest initiatives from regulators and government which will shape the world of pensions in the coming year. This will include: The DB to DC transfer market and the regulatory environment; next steps on automatic enrolment; the future of pension tax relief; consolidation in workplace pensions; and the forthcoming Pensions Bill.

Learning outcomes:

  • A better understanding of potential actions by regulators which could affect your business
  • Insight into the likely development of policy on pension tax relief and its implications for financial planning
  • An understanding of the evolving landscape around workplace pensions

Steve Webb - Director of Policy and External Communications

Steve Webb is Director of Policy at Royal London. He was Minister of State for Pensions between 2010 and 2015, the longest-serving holder of the post. During that time he implemented major reforms to the state pension system, oversaw the successful introduction of automatic enrolment and played a key role in the new pension freedoms implemented in April 2015. Steve was a Liberal Democrat MP from 1997 to 2015. Before this he was professor of social policy at Bath University for two years, having previously worked for nine years as an economist at the Institute for Fiscal Studies. He was awarded a knighthood in the 2017 New Year’s Honours list.

In this presentation we will highlight the rise in business owners and we will discuss some of the implications in terms of the need for financial planning. We then consider the importance and benefits of pensions before looking at the implication of the annual allowance and the potential for the tapered annual allowance to apply to the business owner.

We then go on to consider the limited company, the wholly and exclusively rule and how taxation of dividends works. In terms of extracting profits, the three options – salary, dividends and pension contributions are compared. 

In the final section we consider the various options a business owner has on retirement. We consider pensions and other wrappers but also using the proceeds from a pension fund to purchase a property and the implications of death on these strategies. 

Learning outcomes:

  • Consider the benefits of pensions for the business owner
  • Understand and describe the issues for the business owner in relation to pensions planning
  • Consider the business and the owner and the implications for each

Clare Moffat - Head of Business Development, Royal London

Clare qualified as a lawyer and Notary Public in September 2002 and is a member of the Law Society of Scotland. Post qualification Clare spent 5 years at Aegon Scottish Equitable in the legal department focussing on protection products before moving to Pinsent Masons LLP in November 2007. While at Pinsent Masons, Clare acted for many different pension providers there before moving to Prudential for over 6 years and ended up leading the pensions side of the external facing technical team which involved presenting, writing articles for the press and developing adviser facing content. Clare joined Royal London in May 2018.

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.