Insights, opinions and commentary on the retirement issues that matter to Financial Advisers

Guest Spot: Exploding retirement income myths #5

1 September 2021

We live in an era dominated by soundbites and snappy slogans. From the world of advertising “Just do it”, “every little helps”, and “I’m loving it”, are very memorable examples. They’re written by ad agency professionals whose job is to write copy in soundbites that connect emotionally with us in order to influence where we spend our hard earned cash.

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Guest Spot: Exploding retirement income myths #4

30 June 2021

Could the practice of suggesting the creation of retirement income is simpler and more predictable than it really is lead to poor decision making and potential customer detriment? The retirement income conundrum is stochastic in nature. The FCA’s addressing suitability II will surely see an end to flat earth techniques.

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Guest Spot: Exploding retirement income myths #3

26 May 2021

‘Annuities are really bad value for money right now’ Now, like you I would wager, I’ve never read ‘Lady Windermere’s Fan’ by Oscar Wilde. I’m sure it’s a cracking read…

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Guest Spot: Exploding retirement income myths #2

10 May 2021

We use drawdown so we can pass money down the generations – don’t we? Only a generation or two ago, retirement was something that happened to you. Those in the…

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Guest Spot: Exploding retirement income myths #1

24 March 2021

Is drawdown really the only way for your clients to take more income in the early years of retirement? Old world thinking in the business and commercial domain was all…

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Raising the Normal Minimum Pension Age from 55 to 57

8 March 2021

The government’s recent consultation proposes a change to the Normal Minimum Pension Age (NMPA) from April 2028. The publication has raised some questions about the proposed protection regime. The paper proposes…

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Lifetime Allowance Charge – are there strategies for mitigation?

23 February 2021

Since the pension ‘simplification’ in 2006, the tax benefits of all types of pension scheme have been limited by the same two allowances: the Annual Allowance (the belt) and the…

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Guest Spot: What the FCA’s DBAAT means for suitability of advice

17 February 2021

On January 15, the FCA put their defined benefit advice assessment tool (DBAAT) out into the public domain. Up until this date, the weighty Excel spreadsheet had been used behind…

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Guest Spot: The death benefit distraction

21 January 2021

It could be argued that the art of distraction, the practice of moving someone’s attention away from what they should really be focused on, has become more prevalent in some…

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Guest Spot: Optimising probability in retirement planning

12 January 2021

Delivering a reliable income stream from a diversified portfolio over an unknown period of time has, rightly, been described by William Sharpe as “the nastiest, hardest problem in finance” and…

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Guest Spot: Funding retirement income – The liquidity illusion

9 November 2020

Creating and managing a regular flow of ‘income’ from a diversified portfolio has been described by Bill Sharpe (he of ‘Sharpe Ratio’ fame) as the “nastiest, hardest problem in finance” Balancing three key moving parts in the retirement equation – longevity, inflation and investment returns – and achieving the optimal journey for the retiree, is something that has occupied some extremely bright minds for a few decades now.

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Guest Spot: Assessing Suitability – Times are changing for retirement advice

27 July 2020

The six key themes of the FCA’s ‘Assessing Suitability Review II’ on how retirement income advice is being delivered – times are changing for retirement advice.

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The Contingent Charging Ban

23 July 2020

The regulator has published its awaited policy statement PS20/6  and a number of changes are to be implemented later this year.  What are the new rules that will ban contingent…

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