RegTech, Protection and Pensions - the Good, the Bad and the Ugly
Your quarter three regional CPD conference will see leading subject matter specialists deliver a broad and topical programme including:
View the full programme and reserve your free place using the link on the right.
Attendance at all PFS events qualifies for structured CPD and provides the opportunity to share good practice with your peers. Lunch and refreshments will be provided.
Being a Contrarian Investor is a lot harder than it sounds. In a world driven by instant access to ‘’information’’ and ‘’headlines’’ how does the Contrarian Investor stay focused on the fundamentals of this Investment Style?
The need for inheritance tax advice may well be regarded as a lower need with the introduction of Residential Nil Rate Band (RNRB). However, there will be individuals in the UK who will not benefit from RNRB and who will see no increase in their inheritance tax relief until the planned Nil Rate Band (NRB) increase by CPI in 2021/22. So, for some, the rate of relief will not have changed for over thirteen years from when the £325,000 was introduced in April 2009. These include those who have no direct descendants and those whose net worth more than upper threshold of £2m. It may be some time before CPI makes any significant contribution to the NRB relief available if house price increases continue on their higher upward trajectory. With house price increase currently running at 2.5% (Nationwide Building Society, July 2018) this would mean the average house price would be £239,538 in 2023. Those with no direct descendants and net worth of less than £2m- are some who may need alternative strategies for wealth management. The requirement for inheritance tax advice for this demographic has therefore increased rather than decreased since 2009. As the major asset tends to be the family home this needs to be taken into account along with other assets. This, together with the introduction of pensions freedoms, has altered the landscape for inheritance tax planning. Furthermore, surviving spouses inheriting the ISA allowances mean that whilst tax efficiency continues for income and capital gains tax it is not necessarily so for inheritance tax. We will use a case study to explore this area in our session.
Retirement advice compliance is becoming more and more complex and sometimes you feel like you just can’t do right, for fear of doing wrong! In this session, we will aim to highlight some current and relevant pension areas, that are both Compliance and the FCA hot topics. We will highlight the many opportunities and some of the challenges facing those clients approaching and in retirement. We will be highlighting the latest news re the new State Pension, the impact for consumers and advisers regarding the latest FCA Retirement Outcome Review and last but not least, highlight some key areas relating to the Final Salary transfer market, with the aim of delivering best practice. We will be referencing our own recent Freedom of Information findings, the latest news from DWP, HM Treasury and FCA along with work we have just completed in conjunction with a Consulting Actuary firm relating to partial transfers. Case studies will be used as examples. The objective is to better understand the risks that come with these opportunities and share with you some ideas that help re-inforce best practice, in line PFS Pension Advice Taskforce and Gold Standard. We believe that there is a significant crossover, in how the process of advising clients, going into and already in Flexi Access Drawdown as well as those clients with a Final Salary Pension, this will help build on a Centralised Retirement Proposition.
One thing is for sure, it’s raining regulations and associated costs are increasing. Retail Investment Advice firms now need to ensure they not only implement compliance strategy but also evidence how they comply on a sustained basis. Model Office’s presentation will show how the FCA are now looking to regulation technology (RegTech) as a major enabler platform to ensure retail investment adviser firms can empower their professional practice and continue to comply and compete in an ever demanding and hard regulatory market. The benefits of which can not only evidence compliance but also reduce time and costs spent on compliance activity.
a. Competency (Knowledge)
b. Conduct (Behaviour)Speaker: John Netting , Model Office
Significant changes have altered the investment landscape, from the impacts of longevity, shifting responsibility to rising costs. These changes with the increased lack of confidence make it a difficult environment for investors to know where to put their money which is why we see 74% referring to themselves as “savers” rather than “investors” (Source: BlackRock Global Investor Pulse 2018, Nat Rep Base: UK (4,163). During this session we are going to discuss the challenges investors are facing today, the intensifying scrutiny on advisers and then look at the importance of a multi-asset solution to create a diversified portfolio. We will highlight our recently launched fund of funds range which offers investors a product that is cost-effective, dynamically risk managed and rebalanced regularly to ensure they are fit for any market environment.
Focusing on the key regulatory and commercial challenges facing advisory businesses, The SimplyBiz Group will explore the best practice approaches used by many of the more the firms they provide services to. Drawing on real examples from differet types and sizes of advisory firms, this session will allow time for delegates to reflect on their current business processes, prioritise the challenges to tackle next, and leave with a tangible “to do” list.
The Relevant Life Plan has been one of the protection industry’s biggest areas of growth over the past decade. It is a tax efficient way for Small businesses to provide a true company benefit to their employees by offering an individual version of group death in service. Although not strictly business protection it does start a conversation about a client’s business and the protection needs. It can also act as a door opener for Advisers who are looking to work with accountants; as they are often unaware that their clients could benefit from using a company paid relevant life plan to provide family protection and the tax efficiency that comes with them. The Legal and General Relevant Life session covers the essential details of the plan, the Relevant Life Plan trust and tax treatment.
This event has been accredited by the Personal Finance Society and the CII and can be included as part of your CII CPD requirement should you consider it relevant to your professional development needs.
Set in a unique location, surrounded by 350 acres of private, landscaped grounds. This refined hotel is 3.6 miles away from Durham Station. By Car: A1(M) Junction 62 and follow the A690 to Sunderland. The nearest airport is Newcastle (28 miles).
Complimentary WiFi and Parking is available to all guests.
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Yes. If the Conference or session you want to attend is full, there are often cancellations so if you go on the waiting list it is likely you will be able to attend. Click on the ‘Book Now’ button above to go onto the Waiting List.
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At the present we are not able to automatically upload the CPD records, but we hope to be able to offer that service in the near future.
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Please click here to view the schedule of forthcoming Conferences, regional events and what CPD sessions will be covered.
We will do our best to accommodate all dietary requirements. You can make us aware of this as part of the registration process, or update your Event Profile on the PFS website (click on My Events to login and then edit your requirements on your Event Profile).
Please email the Conference Office at firstname.lastname@example.org after the Conference and we will send you the presentation slides.
The dress code is business attire.