Archived documents

Welcome to our archive where you will find a collection of articles that we have previously published.

Please note that the archived documents listed below were correct at the time of publishing, but are no longer updated to allow for changes in legislation and/or regualtions, and should therefore be read in this context.

The power of modern underwriting (February 2017)

Whether it be GIfL, managing their drawdown portfolio or care planning. New thinking and new systems mean the criteria for modern underwritig are now much broader, and the idea of whether someone 'qualifies' for an enhancement is becoming outdated.

Time to rethink death benefits? (October 2016)

The subject of death benefits and passing on a legacy can be emotive. But putting appropriate plans in place to ensure pension capital or income is provided to loved ones on death is an integral part of retirement planning.

Income that lasts a lifetime - what's that worth? (September 2016)

'Value', when applied to a GIfL, tends to focus on the amount of income offered in exchange for a customer's pension pot. This rate of return is usually compared with products in an investment context. But is this misleading?

Individually underwritten guaranteed income for life; setting the new standard (August 2016)

The question of what constitutes ‘value’ when it comes to a guaranteed
income for life (sometimes known as a pension annuity) is something that has been addressed many times.

 Blending - can you still have your cake and eat it too? (July 2016)

What if you had planned your retirement income needs around taking 4%, having been told that 2.5% is the safe withdrawal rate, and wanted to ensure you don’t increase your risk of running out of money, as well as retaining access to capital? Can you still have your cake and eat it?

Mortality: How a lack of cross-subsidy can be a real drag (June 2016)

Understanding the principles of cross-subsidy and the corresponding drag effect can be a challenge for a retiree - but it can also have a big impact on the decision they make.

Waiting in vain? Why some retirees might be sitting tight (June 2016)

The pension freedoms mean people have more choice than ever before when it comes to their pension pots. So why are some reaching retirement, but still not doing anything with their pension funds?

Blending - a time for secure and flexible income? (April 2016)

Is it better to keep pension funds invested or seek safety in products that offer guarantees?

Capacity for loss and appetite for risk: drawdown's conundrum (March 2016)

There's been considerable debate about a client's capacity for loss and their appetite for risk. These are two distinct concepts which need to be considered fully before a recommendation is made to move into drawdown.

The pursuit of pension flexibility by insistent clients (February 2016)

Flexibility has long been a driving factor for many retirees when planning their retirement, yet the pension freedoms may have created a wider 'flexibility' conundrum for some.

The science behind the sequence of returns.. (October 2015)

How can you help your clients keep on top of the changes that affect their investments and retirement income, and react in a constructive way?

Rise of the ZIDDs (September 2015)

It might sound like something out of a dodgy sci-fi movie - complete with wobbly sets and robots made out of washing up bottles - but the rise of the ZIDDs (wero income drawdown clients) has been quietly spreading since pension reforms.

What's in a number? (August 2015)

How many people really consider what they need to live on in retirement until they are forced to confront the issue, by which point it might be too late?

Too much choice in the brave new world (June 2015)

The benefits of a 'bottom-up' approach for clients approaching retirement.

Challenging Charging models (January 2015)

The challenge of charging models in the new pension world...

A cautoniary tale (June 2014)

If annuities are being thrown into doubt, here is a question for you: knowing what you know today, if you were taking your pension pot out in April 2015 – where exactly would you put it?

Means tested benefits and pension flexibility (November 2016)

Highlights some of the considerations for clients who are in receipt of or could be eligible for means tested benefits.

Technical curiosities arising out of pension freedoms (July 2016)

By now advisers will be comfortable with how the pension freedom rules work. However, in this technical bulletin we focus on some of the technical pitfalls that arise in the less common pension scenarios.

Mechanics of using the pension freedoms and PAYE (May 2016)

Anyone accessing their pension funds as a lump sum payment other than their PCLS, or taking a large ad-hoc income payment, should have been made aware of any additional tax liabilities that may occur.

Budget 2016 (March 2016)

A lot of the speculation in the lead up to the budget concentrated on potential reforms to pension tax relief and the introduction of a pensions ISA.

Single Tier Pension and Contracting Out (February 2016)

Significant changes have been made to the state pension system over recent years, and the planned introduction of a new Single Tier Pension scheme in April 2016 aims to simplify what has previously been a complex set of rules.

National Insurance Class 3A State Pension top up (December 2015)

The State Pension is simplifying and retirees should be better off, but there remain discrepancies. The Government has introduced a facility that allows most individuals affected to top up their contributions.


Freedom and choice: pension rules summary from April 2015 (December 2015)

The changes to pensions introduced from April 2015 were the most far-reaching in a generation. The freedom and choice they offer to retirees created a new landscape of options, and with it new rules. 


The tax implications of pension fund withdrawal (June 2015)

Since April 2015, individuals with a defined contribution pension fund have been able to withdraw their pension monies as a lump sum, and choose how to invest and spend it throughout their retirement.

Why critical yield is still important

Now pension freedoms - and in particular, flexi-access drawdown (FAD) - are firmly embedded, many are asking if critical yield in drawdown reviews is still relevant.

New Year, new thinking

We all know the problem with New Year's resolutions and keeping them. Resolutions which involve simple shifts in thinking and which are easy habits to establish are more likely to be successful.

Guaranteed Income for Life rates dramatically improving

Since the result of the EU referendum sent shock waves through the financial markets, new GIfL rates seem to have borne the brunt of the resulting economic turmoil and accompanied uncertainty.

The EU referendum

There is no doubt that the result of the EU referendum has meant that as a nation we are facing new challenges, and, understandably, a great deal of uncertainty over what the future might hold. 

Single Tier State Pension

The introduction of the single tier 'flat rate' state pension in April 2016 is designed to bring about a new era of pensions simplicity whilst offering a fairer deal to the UK's retirees.

Pensions - Lifetime income or legacy (or both)?

Many people taking income from drawdown arrangements have witnessed a volatile stock market over recent years. Whilst there may have been losses, many will also have seen their funds recover. Perhaps all or part of that growth could secure a guaranteed income for life?

Implications for joint tenants and tenants in common

Do you have clients who could consider a lifetime mortgage as part of their retirement income solution, but who don’t have sole ownership of their property? If your client owns their property as either a joint tenant or tenant in common, what does that mean for them and what advice should you give them?

All the above documents are available in PDF format and can be viewed in Adobe. If you don't have it, you can download Adobe Acrobat Reader for free from the Adobe website.

Download Adobe Acrobat Reader