Purely Paraplanning: Collaboration, content and connections

In 2022 we witnessed a confluence of shocks, a year that consisted of several headwinds including geopolitical issues, deglobalisation, high inflation, tightening monetary policy, fiscal constraints, and slowing growth. The impact of the events that have unfolded last year will be felt long into the next one. From a financial perspective, a chief change has been the shift in monetary regime, from one supportive of global markets to one with a focus on taming inflation. With ongoing market volatility, we aim to highlight how investors can navigate their way through these choppy waters and will focus on some of the trends expected to dominate the markets in 2023.

- Explain the three big macro-economic shocks that defined 2022

- Recognise the investment opportunities in the UK, the US and China

- Understand why fixed income and alternatives could be an attractive addition to an investment portfolio in 2023

Many advisers with older clients can find themselves dealing with fiduciaries, typically attorneys appointed under an LPA or EPA (in England) or Continuing Power of Attorney (Scotland). When it comes to attorneys and investments for estate planning, including Business Relief (BR), issues around advising the Court of Protection, suitability and potential conflicts of interest may come in to play. In this session, Puma will look at these and other related matters with reference to specific legal cases, highlight best practice and discuss ways that BR Investments might be made by attorneys.

- Summarise guidelines in place along with the allowances for tax free gifts  

- Define duties and responsibilities of fiduciaries when discussing investment decisions

- Appreciate where business relief investments may be made by attorneys and key points to consider

When we truly appreciate what is important to others it becomes so much easier to deliver and meet their expectations. Join us for this whistle stop tour where Caroline will introduce us to Neuro Linguistic Programming (NLP). We will explore how NLP can help us to understand ourselves and others to communicate more effectively, build stronger relationships and achieve better results.

- An introduction into NLP
- An explanation of the NLP Communication Model
- An overview of Values
- An exploration into questions to gain clarity and build stronger relationships

When it comes to pensions, reaching age 75 is an important milestone and for many this is a vital time for financial advice. It is therefore important to plan for this event in advance. This is due to the changes in tax relief and the taxation of death benefits after age 75 as well as the potential lifetime allowance tax charge which could apply at age 75. This presentation, using case studies, discusses how tax relief on pensions changes at age 75 as well as the potential advantages and disadvantages of retaining uncrystallised benefits after age 75. We give a reminder of the benefit crystallisation events occurring at age 75 and use examples to bring these to life. We also talk about trusts set up to receive death benefits and whether reaching age 75 affects the reasons for setting these up. Pensions flexibility brought in many changes and one of the biggest was the change to the taxation of death benefits so we talk about how reaching age 75 impacts death benefits and intergenerational planning. The Consumer Duty is particularly relevant when advising older clients or dealing with clients who have suffered a bereavement so this is considered throughout the presentation.

- Explain how tax relief on pensions changes at 75 

- Describe how the main BCEs work at age 75 

- Explain how death benefits differ before and after age 75 and if you should take uncrystallised benefits before age 75 

- Identify whether trusts set up to receive death benefits are still relevant after age 75