Pensions update

With the pensions landscape being under continual review the Insurance Society of Edinburgh has been fortunate to secure John Lawson and Fiona Tait as speakers for our next CPD event.

Fiona will examine, what is next for pension saving. We escaped Pension ISA in the budget but there’s a new girl on the block, the Lifetime ISA, or ‘LISA’. Fiona will look at the rules governing LISA and how she might fit in with existing pension plans.

John will then concentrate on the topic of managing income withdrawals. He will examine issues such as volatility drag, sequencing risk and ‘safe’ withdrawal limits and why these are important in the new world of freedom and choice. John will also look at guaranteed income withdrawal options and whether these offer a good alternative to annuities and drawdown.

Learning objectives:

By attending this event delegates will be able to identify:

• The lifetime ISA and what can be done with it
• TEE versus TEE savings, with reference to experience in the states
• What is next for automatic enrolment
• The role of financial advice – FAMR and the expansion of guidance services
• Volatility drag – what is it and why does it matter
• Sequencing risk – why timing income withdrawals from volatile assets can make a big difference to retirement outcomes
• Safe withdrawal limits – the basic science of drawdown US style
• US dynamic income withdrawal rules – how to maximise income whilst minimising the risk of running out of money
• The theory behind guaranteed income drawdown and whether these plans offer the potential for better outcomes than standard annuities.

Book now for what promises to be a hugely engaging seminar.