Pension freedoms brought fundamental change to retirement planning and the way your clients can take money from their pension.
The subsequent rise in drawdown, and the much-welcomed increase in choice and flexibility came with additional risks. Heightened exposure to sequencing and longevity risk, and the steady decline of defined benefit pensions, should have led to a shift in retirement planning strategies. To find out, the FCA launched its thematic review of retirement income advice in 2019. Paused due to the pandemic, it has now been published and you can read the findings here.
The direction of travel from the regulator is clear. Firms will have to reassess existing retirement investment and income strategies to ensure they are fit for purpose. Advice models that are not suitably designed to meet the specific needs of clients in decumulation will come under scrutiny.
A new phase of retirement planning is on the horizon. That’s why we’ve pooled together the resources from our teams at Wealthtime and Copia, and experts from across the industry to provide insight to help advisers assess their current retirement strategies, and plan for the future.
This content is intended for professional advisers only.
Market overview – what’s next for 2024?
Copia’s Senior Portfolio Managers will go over the year so far and give their thoughts on what might happen in the markets during the rest of 2024.
Snapshot of the macro retirement landscape
The lang cat will be on hand to provide invaluable insight into the implications of the FCA’s thematic review and its impact on retirement income advice.
Innovation in decumulation
Just’s Yannis Katsis will discuss the impact of the review on guaranteed income and the role Secure Lifetime Income (SLI) products can play in drawdown portfolios.
Platform due diligence for your retirement strategy
As she celebrates her 30th year in financial services, Amira Norris outlines what you need from your platform of choice as we enter a new phase of retirement planning.
Addressing needs with a Centralised Retirement Proposition (CRP)
Tony Hicks will discuss how accumulation and decumulation portfolios differ and how purpose- built retirement portfolios are constructed to mitigate the key sequencing and longevity risks.
Rethinking Retirement: Changing Gear
Conducted in partnership with the lang cat, the findings are based on the survey responses from 160 advice professionals. 93% of respondents are employed by or own an independent advice firm.
Get invaluable insights on:
- The implications of the FCA’s thematic review
- CIPs vs. CRPs
- How retirement planning strategies are changing
- What criteria is key to other advisers when selecting their platform of choice
- The re-emerging role of guaranteed income for clients decumulation
Please note this report is intended for professional advisers only.
Download the report below >
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Robert Vaudry
Wealthtime and Copia Capital
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Copia Capital
Decumulation: How blending investments and annuities can work
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Amira Norris
Wealthtime
Rethinking retirement: 3 essential services for retirement planning today
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Copia’s Retirement Income (RI) portfolios provide a purpose-build decumulation portfolio strategy that addresses the different needs and risks facing clients in retirement.
Download info sheet >
Copia’s Retirement Income Plus (RI+) offers a fully-blended decumulation portfolio and guaranteed income solution.
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Just’s Secure Lifetime Income (SLI) allows you to incorporate an element of guaranteed income into your client’s drawdown plan.
Wealthtime and Copia Capital Management are trading names of Novia Financial PLC. Novia Financial plc is a limited company registered in England & Wales. No. 06467886. Registered office: Cambridge House, Henry St, Bath, BA1 1JS. Novia Financial plc is authorised and regulated by the Financial Conduct Authority. FCA Number 481600.