PA Adviser’s Post

Planning for the future involves more than just your lifetime. Our new series, 'Investments Beyond Life' explores what happens to your investments after you pass away. In the first blog of the series, Director Andrew Tricker, covers the critical topic of what happens to your pensions upon death, offering insights on tax implications, and financial planning options to ensure your loved ones are taken care of. https://lnkd.in/gqWDE3Ya #pensions #financialplanning #inheritence

Are you prepared for a future where #fraud is prevalent? Is Consumer Duty a priority for you? Are you effectively tracing gone aways? Is every pension pot in your scheme claimed? Discover insights from LexisNexis Risk Solutions on the evolving pension sector and learn how pension organisations can stay vigilant: https://splr.io/6042Yqyoe #Pensions #PensionSector

Can pension trustees consider factors like sustainability and climate change whilst complying with their fiduciary duties? In this post, my colleagues Harrison Packer and Francesco Andres and I discuss the publication of a helpful report by the Financial Markets Law Committee which addresses the current legal position and some of the uncertainties. #pensions #esg

Let's talk pensions after passing. Important things are seldom straightforward. Here are some key points to remember as the Executor of a Will when it comes to handling their pension: - It would not normally form part of a person's Estate if the Testator had a final salary scheme type pension (an arrangement whereby a certain monthly amount is paid and decided by the pension provider). Usually payments from this type of scheme cease once the individual dies. - There may be a Death in Service payment. If the individual was employed before their passing, this arrangement may be in place and it will need to be raised with the pension provider. It is likely that the Testator named a beneficiary. - Contribution type pension schemes MAY pass to the Estate as this is effectively a "pot of money" or investment. There will be provisions in place to detail what should happen to these monies But - before you become too concerned about the matter, I strongly recommend contacting the Testator's pension provider(s) to understand exactly where you stand. If you are reading this in advance, be sure to have this conversation SOON. It'll make it much easier in the event of your loss. Want to know more about your role as Testator? DM me for a FREE copy of my book "Where there's a Will, there's a Relative". Within the book, I try to outline the Probate process clearly and succinctly for anyone who is a nominated Executor. I'd love to hear what you think! #Wills #Probate #Pensions #Finances

𝐀𝐫𝐞 𝐲𝐨𝐮 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐭𝐡𝐞 𝟐𝟒%? According to research from Nucleus Financial less than 1/4 of us know you can pay into someone else’s pension 🤔 👇 I’ve been paying into my daughter’s pension since she was born 😲 The best part? Each £1 I contribute gets topped-up to £1.25 by the Government (even though my daughter doesn’t pay any tax!) Is there a better way to maximise “time in the market” and therefore benefit from compounding returns from the global markets? NB - this is not financial advice and you should speak with a financial adviser about your personal circumstances before making investment decisions such as this #pensions #3rdparty #compounding https://lnkd.in/euzHM5jz.

WTW's Adam Boyes and Alasdair Macdonald discuss the strategic importance of thoughtful and deeply integrated approaches to measuring liabilities and risks for defined benefit #pension schemes. https://ow.ly/zes350SaEm7 #pensions #DefinedBenefit #RiskManagement

Funded status improvement, rising #interestrates and increasing PBGC premiums coupled with increased insurer interest and competitive pricing helped propel the U.S. #pensionrisktransfer market to new highs. Read on for a recap of 2023 market highlights and insights on what’s to come: https://aon.io/3TFhUdn #Wealth #PRT #Pensions  

Fascinating report by my colleagues on the trends in pension risk transfer in the US.

A lot of good take aways in this article, a big fan of “what gets measured gets managed” or put another way the phenomenonal Usain Bolt can never break the 100m sprint world record without a tape measure and a stopwatch. The UK pensions market is undergoing a profound change where data requirements are becoming broader, more timely and actionable… they are also becoming “table stakes” from a regulatory standpoint point. https://lnkd.in/emXtR3Dq #marketinfrastructure #data #dataintegration

Funded status improvement, rising #interestrates and increasing PBGC premiums coupled with increased insurer interest and competitive pricing helped propel the U.S. #pensionrisktransfer market to new highs. Read on for a recap of 2023 market highlights and insights on what’s to come: https://aon.io/3TFhUdn #Wealth #PRT #Pensions