Live Webinar - Retirement Income: Strategies to Manage Underspend and Overspend Risks

Wednesday, 22 July 2020
10:30 am – 11:15 am

This session explores the main methods of generating sustainable income and whether ‘probability-based’ or ‘safety-first’ are straight choices, or whether these two approaches be combined and used effectively to mitigate Underspend and Overspend risks. This is set against the backdrop of the regulator continuing to focus on income in retirement, as seen in its latest review highlighted by the ‘Dear CEO letter’ of 21st January 2020.

Learning Objectives:

  • Discuss how a holistic approach can be adopted by advisers to deliver flexibility and certainty for clients in retirement, with reference to the FCA’s ‘Dear CEO’ letter of January 2020.
  • Demonstrate the pros and cons of income sustainability, exploring the ‘probability-based’ approach and methods often used as part of this
  • Explore the pros and cons of securing some essential incomes using state pensions and a client specific guaranteed income within a flexible drawdown proposition
  • Explain how Pension Freedoms created space for innovation that Defaqto have written about. Resulting in an award winning retirement solution, combining pension savings, income drawdown and guaranteed income within a single wrapper

CII Accredited

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

3/4 hours' 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.