We bring our technical experts and leading industry commentators together to help you gain knowledge and insight on a range of relevant topics, guaranteeing you’re kept informed in an ever-changing landscape.
We’ll shortly be hitting the road to bring James Hay and Nucleus Wrap advisers an exciting new events programme – Illuminate Live. These sessions will blend the wisdom of influential guest speakers from across the industry with more market leading technical insight from our pensions, tax and trust specialists.
We'll be exploring topical issues such as the increasing number of clients falling into tax traps, the FCA's Consumer Duty, plus the human side of the retirement transition – the emotional dimension and how to optimise client care. Sessions will include practical insight into these subjects and the impact on decision making.
All sessions contribute towards CPD accrediation.
We can't wait to catch up with advisers face-to-face across multiple locations UK-wide. These events will be taking place as follows:
Tuesday 6 September - The Studio, Glasgow
Tuesday 13 September - etc.venues Monument, London
Wednesday 14 September - Solent Hotel and Spa, Southampton
Thursday 22 September - Malmaison Hotel, Leeds
Tuesday 27 September - Marriot Royal Hotel, Bristol
Wednesday 28 September - The Belfry, Birmingham
Timings:
Refreshments and networking from 9.00am
Start 9.30am - Finish 3.00pm
If you'd like to register to attend please do so below.
Introducing our speaker line up
Neil MacGillivray
Head of
Technical Support
(Glasgow, London, Leeds and Bristol events)
Tax planning for married couples and civil partners
In this session, Neil will cover how being married or in a civil partnership brings certain tax privileges for income tax, capital gains tax and inheritance tax.
However, there are a lot of quirks to the rules and if not fully understood, or the correct actions taken in the right order, then even the most basic of tax planning strategies can fail.
Case studies throughout will help put the theory into practice.
He'll be speaking at our events in Glasgow, London, Leeds and Bristol.
By the end of this session you should be able to:
Understand how the allowances and exemptions work and by what means they can be maximised ensuring hazards are avoided so that the steps taken as part of tax planning are beyond challenge by HMRC.
Outline the advantages and disadvantages of holding investments jointly.
When dealing with couples divorcing or separating, know the steps that should be taken to avoid the impact of additional taxes.
Neil MacGillivray heads up our Technical Support Unit of Tax, Trust and Pension specialists and has over 40 years’ experience in financial services.
He speaks at conferences throughout the UK on current tax and trust topics and is a regular contributor in the financial press.
Neil has over 17 years’ experience working in the banking profession and he's a Chartered Banker of the Institute of Bankers in Scotland and former Chairman of the Association of Member-Directed Pension Schemes.
John Dunn
Technical Manager, Pensions
(Glasgow, Southampton, Leeds and Birmingham events)
Pension commencement lump sum: permitted maximum guide
For many individuals, the option to take a portion of their retirement fund as a lump sum, usually tax free, is an attractive feature of saving for retirement through a registered pension scheme. As a result, an important question for advisers and their clients is how much tax free lump sum can be obtained from a pension arrangement?
The lump sum in question is referred to in legislation as a pension commencement lump sum (PCLS) and the same legislation sets out the conditions for accessing it as well as restricting the amount available.
This session provides a guide to:
(1) The conditions associated with the payment of a PCLS
(2) The tax treatment of a PCLS
(3) The maximum PCLS permitted by legislation.
He'll be speaking at our events in Glasgow, Southampton, Leeds and Birmingham.
By the end of this session you should be able to:
Know the conditions under which a PCLS may be paid.
Recognise the circumstances under which a PCLS attracts a tax charge.
Given a client’s circumstances, be able to identify which of the four PCLS permitted maximum categories is applicable to them.
Be able to calculate the PCLS permitted maximum under each of the four categories.
John has over 30 years’ experience working within the financial services industry. During this time he has accumulated a substantial level of pension expertise, gained through the varied roles he has undertaken.
Drawing on this knowledge, in his current role, John interprets and provides guidance on legislation affecting pensions for the benefit of advisers.
Ian Linden
Technical Manager, Pensions
(London, Southampton, Bristol and Birmingham events)
Lifetime allowance -
exploring some myths
The lifetime allowance (LTA) is one of the subjects the Technical Support Unit receive many enquiries on, and for some pension members, who may exceed the LTA and therefore pay a tax charge, it can be a very emotive subject.
Over the years Ian Linden, one of our pension technical specialists, has been approached by advisers over ways of mitigating the LTA charge for individuals in other money purchase arrangements.
In this session Ian will consider some of the ‘myths’ that have developed around this area and the potential outcomes of following such a course of action.
He'll be speaking at our events in London, Southampton, Bristol and Birmingham.
By the end of this session you should be able to:
Outline the key criteria of the lifetime allowance (LTA) and summarise how its usage works from a practical perspective, including where LTA protection is applicable to your clients.
Define some of the issues facing clients when considering the impact of the LTA from their own perspective.
Apply some practical ideas through building on the presentation case studies to facilitate analysis of real-life scenarios.
Ian has been involved in financial services for over 30 years, spending the early years as an IFA, including management positions with national firms. His roles have included responsibility for a centralised operations centre, project management and senior sales management.
He subsequently moved into consultancy with asset management companies and IFAs before taking time out to complete an MBA, majoring in strategy. On completion of his postgraduate qualification, he held business development roles with a number of specialist pension providers.
In his current role as Technical Manager, Pensions, Ian provides guidance on pension tax legislation. As well as his MBA, he holds the Diploma in Financial Planning from the Chartered Insurance Institute and the Retirement Provision Certificate from the Pension Management Institute.
Christian Markwick
from Apricity Compliance
Good old Consumer Duty
Good old Consumer Duty. It feels like we have been discussing it for a lifetime, but it’s finally here and we can’t escape it (nor should we want to!) The countdown clock has now started for implementation, so here’s exactly what you need to do to prepare for it.
By the end of this session you should be able to:
Understand the key aspects of the FCA’s new Consumer Duty Policy Paper.
To enable you to develop your own internal roadmap to implementation within your business (forecast to be April 2023).
Be able to assess your current policies and procedures and understand which of those will need to adapt to the new Consumer Duty Principles and Outcomes.
To consider what additional resources are needed within your business and where to find them.
Previously a financial adviser, Compliance oversight, T&C officer, and then Senior Manager, Christian now heads up the Adviser Support Team within The Verve Group. Working with firms of all shapes and sizes, assisting them in developing their businesses to achieve their long-term goals and objectives, all within the confines of staying on the right side of all things regulated.
Hayley Tink
from Lifesage Adviser
The Retirement Transition
In this session, Hayley will be exploring the human side of the retirement transition. By the end of the session, you will gain awareness and insights that enable you to navigate clients through this key life event with an outstanding level of client care.
By the end of this session you should be able to:
- Understand how the allowances and exemptions work and by what means they can be maximised ensuring hazards are avoided so that the steps taken as part of tax planning are beyond challenge by HMRC.
- Outline the advantages and disadvantages of holding investments jointly.
- When dealing with couples divorcing or separating, know the steps that should be taken to avoid the impact of additional taxes.
Hayley was an award-winning financial planner for 15 years and worked for five years as a money coach and financial planner combined. She has been a speaker at many key industry events, encouraging advisers to integrate coaching into their offerings. She’s mentored eight talented individuals through a graduate training scheme, seven of whom are now successful financial advisers and one an outstanding paraplanner.
Through Lifesage Adviser, she supports financial advisers by offering mentoring services to advisers on how best to integrate coaching training into their client offering as well as providing training on understanding the human side of life transitions such as retirement and bereavement.
John Reynolds
from Expert Pensions
(Bristol event only)
Mapping suitable
advice across into the new Consumer Duty
In providing suitable advice, advisers provide financial guidance which is in the best interests of the client. That best interest’s approach is fundamental to what you do. Those principles are going to continue under Consumer Duty. John will explain how delivering best advice to your clients means you're well prepared to embrace the new Consumer Duty guidance.
By the end of this session you will be able to identify the key elements of providing advice which is in the client’s best interests and apply them across into the four outcomes defined within the consumer duty.
John Reynolds is an experienced practitioner and educator.
He provides expert pension advice and retirement planning solutions to a wide and diverse range of clients across the UK. His passion is building retirement plans for clients: everyone should have a financial plan.
He currently holds fellowship with the CII, is a Chartered Financial Planner (FPFS) and is a Chartered Fellow of the institute of Securities and Investments (FCSI) as well as being a Certified Financial Planner with a Level seven diploma in Advanced Financial Planning Advice. In 2017 he completed his MSc (Financial Planning and Business Management) at Manchester Metropolitan University (MMU).
In 2018 he was elected as Chairman of TPI Investment Governance Committee (IGC).
Dates and venues
Previous events you might have missed...
October 2021
May 2021
November 2020