Live Webinar - Income Drawdown - The Good the Bad & the Ugly
The increase in people using income drawdown more than ever before with Flexi Access Drawdown (FAD) sales outpacing annuity sales by more than 2:1 since Pension Freedoms began, but FAD is not without its risks. The most significant of these is that people will run out of money during their lifetime through poor investment return, living longer than they anticipate or simply withdrawing at a rate which is unsustainable.
This presentation looks at market trends since pension freedoms began in 2015. This includes the types of products consumers are purchasing, changes in withdrawal patterns, and consideration of changes in the demographics of UK society which are likely to impact the number of pension savers seeking retirement advice in the near future.
The session will consider the Retirement Outcomes Review (ROR) from the FCA, and the changes to at retirement advice in the wake of the final report and subsequent policy statements. While recent output from the FCA regarding the ROR has focused heavily on non-advised drawdown, it gives the industry a line of sight to the regulators thinking. In the absence of significant post RDR guidance from the FCA on what good looks like in advised FAD, these publications provide an insight into the regulators main concerns in this market.
The presentation investigates best practice in FAD file construction, as well as exploring the complex issues of sequencing risk and sustainable withdrawal rates. The presentation is bought to a close by considering how to review income drawdown plans in a compliant and cost effective manner, which we believe is vital for the ongoing success of any plan.
There will be an opportunity for questions at the end of the presentation.
Full joining details for the session (webhost and room reference) will be provided ahead of the event.
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.