Knutsford Programme

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Registration, Breakfast and Networking
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Welcome and Introduction

Tom Ellis, Editor, Professional Adviser

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Keynote Address
Speaker
Client Delivery Manager
NextWealth
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Dentons Pensions

What next for normal minimum pension age?

With a proposed change to NMPA on the horizon, Dentons’ Technical Sales Director, Stephen McPhillips, will look at the potential changes and how they might impact clients. Stephen will examine a recent HMRC Policy Paper to understand the rationale behind the proposal, and he will discuss some of the practicalities of its implementation – a number of which are still being debated within the industry right now.

This is a session not to be missed by anyone involved in advising clients on pension planning.

By the end of the session delegates will be able to:

• Explain the background of the NMPA

• Describe the nature of the proposed changes to the NMPA

• Identify the possible implications for pension scheme members

• List ways in which pension scheme members might retain their current NMPA

Speaker
BA, FPMI
Dentons Pension Management
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Canada Life

What if my client…?

Over the last year, our team of technical experts here at Canada Life have been fielding many pensions, tax and trust planning questions from advisers. Some driven by Brexit and the ongoing implications of the pandemic, but several have been driven by a noticeable change in the needs of their older clients.

Examples around estate planning include: what if my client needs to access their funds, which Trust should I choose? Which jurisdiction should I look at after Brexit? How do I request a partial transfer from a scheme?

Within retirement planning, our technical team will be taking a closer look at questions raised about clients at age 75, with a focus on planning for the Lifetime Allowance (LTA) and those who are still don’t need an income. How can you ensure they remain as tax efficient as possible?


By the end of the session delegates will be able to:

• Identify potential issues now that the LTA has been frozen until 2026

• Itemise the planning opportunities, and when clients should look at alternative options

• Identify when clients should pay an LTA tax charge

Speakers
Pension, Tax & Estate Planning Consultant
Canada Life
Pension, Tax & Estate Planning Consultant
Canada Life
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Q&A with Dentons Pensions & Canada Life

Chaired by Tom Ellis, Editor, Professional Adviser

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Coffee and Networking Break
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Pension death benefits – tax efficiency or control?

We all know that allowing death benefits to be paid under trustee discretion is more tax efficient than giving the an explicit direction to pay death benefits to a specific person, and more often than not trustees will simply follow the member’s Expression of Wish (EoW). But what happens if the EoW is challenged, and under what circumstances is this more likely to occur?

This session uses practical examples from Intelligent Pensions’ clients bank and the Pensions Ombudsman service to demonstrate what can go wrong and the options available for clients to ensure that trustees are given all the information they need to regarding the member’s intended succession plan.


By the end of the session delegates will be able to:

• Reaffirm to clients why an up to date Expression of Wish is so important

• Identify circumstances where the EoW may be challenged or overridden

• Identify when additional planning may be required to support the client’s wishes.

Speaker
Technical Director
Intelligent Pensions
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HSBC Life

Onshore Investment Bonds as an important part of tax effective retirement and intergenerational planning

1. The importance of taking an “all asset” approach to retirement planning : accumulation and decumulation.

2. The current ( and possible future) tax context for taking an all asset approach taking account of the main (non pensions) asset types : Main residence : Business : ISA: Collectives : Onshore and Offshore Bonds.

3. The enduring and reliable power of an onshore bond in accumulation and decumulation strategy providing powerful additional support to a traditional pensions and ISA foundation

4. How to use onshore bonds ( along with pensions) in an all asset intergenerational strategy.


By the end of the session delegates will be able to:

• Summarise the importance of smart asset location in maximising tax effective decumulation

• Explain the Smart wrapper choice beyond pensions and ISAs

• Define the role of an Investment Bond in smart accumulation and decumulation

• Identify the use of Onshore Bonds and Trusts in effective intergenerational planning

Speaker
Managing Director
Technical Connection in conjunction with HSBC Life
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Benchmark Capital

Looking forward to your future

You’ve spent your career helping other people retire, but have you given much thought to your own future? Your clients are your livelihood, and your business is your retirement plan. Finding a trusted partner to support you on your journey can be a minefield, and is possibly one of the most important decisions you will take for your business. But where do you start and what do you need to consider?

By the end of this session delegates will be able to:

  • Identify opportunities in their business to build value
  • Explain the range of options available to owners of advice businesses on retirement
  • Implement a plan to achieve a successful handover
Speaker
Corporate Development Director
Benchmark Capital
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Q&A with HSBC Life & Benchmark Capital

Chaired by Tom Ellis, Editor, Professional Adviser

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Lunch and Networking

Knutsford Venue

The Mere Golf Resort & Spa

Wednesday 17th September 2021

Chester Rd, Mere, Knutsford WA16 6LJ