Transferring pensions in an increasingly complex world

Online event
Monday, 29 November 2021
1:00 pm – 2:00 pm
    • Claire Trott FPFS, Divisional Director - Retirement & Holistic Planning, St James's Place
  • Financial Services webinar

In this IIL financial services webinar, Claire Trott explores some of the current issues and concerns with regards to transferring pensions from one scheme to another, paying particular attention to any detriments that may not be immediately apparent.

Pension transfers are a complex area requiring significant analysis in some cases. Care needs to be taken to avoid unintended consequences that ever-changing legislation has brought with it.

Defined benefit pension transfers are highly regulated and require those undertaking them to be suitably qualified. In this session, Claire Trott discusses the cases where this is required and some of the issues surrounding these types of transfers in the current market.

In 2028, we will see a change in legislation that will increase the normal minimum pension age to 57, from 55. This isn't the case for all pensions, and some will retain the earlier age, transfers and the timing of them will impact on this. The speaker highlights and discusses what this means and what can be done to protect the age of 55 if possible.

Finally, Claire explains the lifetime allowance and the availability of tax-free cash in relation to transfers between schemes.

Learning objectives:

  • Understand the issues surrounding DB transfers
  • Understand the implications on transfers with increasing pension ages
  • Understand the lifetime allowance and tax-free cash issues on transfer

Places are limited and will be allocated on a first come, first served basis.

This webinar will be hosted on Zoom. Please familiarise yourself with their T&Cs and Privacy Statement.

Venue
  • Online event

Booking information:

You will be sent a confirmation email shortly after booking. If you have not received this within one hour, please contact Patricia Pedraza (020 7397 3911).

CII Accredited

This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.

1 hour's CPD can be claimed for this event if relevant to your learning and development needs.

It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.