Pensions & Investment CPD hub

Online resources for your continued professional development

You need to complete a minimum of 35 hours of CPD each year for retail investment activities, of which 21 hours should be structured. If you also sell insurance, the 15 hours required by the Insurance Distribution Directive (IDD) can be included in that.

Pension transfers

Look before you leap webinar

After watching this webinar you’ll understand:

  • The changes to advising on pension transfers contained in Policy Statement PS20/6.
  • How to identify the relevant risk factors associated with pension transfers.
  • How to document your advice process in line with the requirements of the regulator.

Helping members access DB transfer advice webinar

After watching this joint webinar with LCP and Royal London, you’ll understand how to:

  • Describe changes in regulatory attitude to pension transfers since the inception of pension freedoms in 2015.
  • Identify adviser views on the pension transfer market.
  • Explain how increased availability of partial transfers could impact the pension transfer market.
  • Identify measures scheme trustees could take to improve access to pension transfer advice for their members.

Helping members access DB transfer advice policy paper

After reading this joint policy paper from LCP and Royal London you’ll understand:

  • About the trends in the pension transfer market since the inception of pension freedoms, including the number of people seeking advice, proceeding to transfer and the value of funds transferred out of DB schemes.
  • The various pieces of research the FCA has published on the topic of pension transfers since pension freedoms began, and how this has impacted their approach to regulating this market.
  • About the practices and concerns of advisers who have been active in the pension transfer market since the beginning of pension freedoms, based on the survey Royal London carried out in May 2020.
  • The steps scheme trustees could take to attempt to improve access to advice for their members.
  • How accessibility and affordability of PI cover is impacting the pension transfer market.
  • How increased availability of partial transfers could impact the pension transfer market.

Transfers in drawdown

After watching this webinar, you will be able to:

  • Explain the rules impacting TIDs.
  • Identify factors which could require a TID.
  • Explain how regulatory changes could influence the TID market

Centralised retirement propositions

After watching this webinar you’ll be able to:

  • recognise the FCA’s concerns about retirement income advice
  • develop an understanding of the relationship between the PROD rules, centralised investment propositions (CIP)s and centralised retirement propositions (CRP)s
  • identify the various components and processes within a CRP
  • understand how a CRP approach can deliver robust client planning

Policy statement PS20/6 podcast

After listening to this podcast you’ll be able to:

  • Explain how the ban on contingent charging is being applied.
  • Understand the strengthened requirement to consider a workplace pension as a destination for pension transfers.
  • Explain the features of abridged advice.
  • Identify changes the FCA has introduced to empower consumers during the advice process.

Workplace pensions for independent schools

After listening to the podcast you will have an understanding of:

  • The background to the opportunities with independent schools.
  • What the opportunities are for advisers.
  • Some of the structures implemented by private schools that have already exited the Teachers’ Pension Scheme.
  • Some of the advantages and disadvantages of alternative arrangements.
  • The consultation process and the importance of member engagement.

Responsible investment - ‘Back to the sustainable future’ webinar

After watching this webinar you’ll understand:

  • The key regulatory and legislative changes being introduced for ESG investing.
  • The terms and issues relating to responsible investing.
  • The global macro initiatives driving the development of sustainable finance.
  • How to identify ways to incorporate ESG considerations into your advisory process.

Income drawdown - the good, the bad and the ugly

After watching this webinar, you'll be able to:

  • Identify risk factors associated with income drawdown.
  • List the regulator’s main concerns with income drawdown.
  • Identify how you can review your client's drawdown plan compliantly and cost effectively.

Workplace pensions

After watching this webinar, you will be able to:

  • Describe the size of the workplace pension market.
  • Understand the concerns of employers in relation to workplace pensions.
  • Demonstrate the benefit of salary exchange in workplace pensions.
  • Identify ways to add value to workplace pension schemes.

Benefit options and lifetime allowance

The main purpose of a pension is to provide a member with an income when they reach a certain age. This section provides information on the way benefits can be taken and the limits, protections and allowances that are available to your clients.

Opening the door to lifetime allowance and relevant life

After watching this webinar, you'll have an understanding of:

  • How the lifetime allowance works, what protection is available for it and how it works upon death.
  • The main features and benefits of a relevant life plan and how it could be an efficient form of life cover for those clients with a lifetime allowance issue.
  • How to identify opportunities to position relevant life as a viable protection solution for your clients.

Lifetime allowance – take it to the limit…and beyond

After watching this webinar, you'll have an understanding of:

  • Why the LTA was introduced.
  • How it works and the various protections available.
  • The options available if the LTA is breached and whether an opt-out is suitable.
  • Other factors impacting suitability and the regulatory requirements.

Contributions, annual allowance and tax relief

This section covers various aspects of contributions paid to UK Registered pension schemes including information on tax relief and the annual allowance including carry forward.

Pension contributions and tax relief

After reading this section, you'll have an understanding of:

  • How tax relief works on member, employer and third party pension contributions.
  • How the annual allowance, tapered annual allowance and pension input periods work.
  • How the annual allowance can be reduced for high earning individuals.
  • How carry forward can be used.

Tax relief and annual allowance

At the end of this webinar, you'll have an understanding of:

  • the rules on tax relief and how much is available
  • the relationship between the annual allowance and tax relief
  • how to calculate the annual allowance when the taper applies
  • how to calculate unused annual allowance using carry forward
  • ... and more

Pensions Tax planning

After watching this webinar you'll understand:

  • Pension tax traps and how to avoid them.
  • Intergenerational tax planning opportunities.
  • How pensions can help with the taxation of other wrappers.

Death benefits

After watching this webinar, you will be able to:

  • Identify what death benefit choices are available.
  • Explain the taxation of death benefits.
  • Understand the impact of IHT on death benefits.
  • Describe spousal bypass trusts and how they work.

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

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.