A Henry Stewart Masterclass

Self-Invested
Pensions Masterclass

Chair
John Moret
Director of Sales and Marketing
Suffolk Life

Speakers
Ian Davies
Pensions Partner
Eversheds LLP

Brian Dennehy
Managing Director
Dennehy, Weller & Co

Robert Graves
Technical Development Manager
Capita SIP Services
Committee Member
Association of Member-directed Pension Schemes

John Lawson
Marketing Technical Manager
Standard Life Assurance Company

Neil Marsh
Managing Director
Hornbuckle Mitchell

Robert Reid
Managing Director
Syndaxi Financial Planning

Stewart Ritchie OBE
Director (Pensions Development)
Scottish Equitable

David Seaton
Director of Consultancy
James Hay Pension Trustees Ltd

Peter Weir
Director
Suffolk Life Annuities Ltd

John White
Partner, Pensions & Investment
RSM Robson Rhodes LLP

THE HMRC GUIDANCE NOTES
• What are they?
• How do you get them?
• Should you use them?
• Implications for:
- Administrators
- Advisers
- Customers
• The way forward
Robert Graves
Technical Development Manager
Capita SIP Services
Committee Member
Association of Member-directed Pension Schemes

GETTING YOUR DOCUMENTATION RIGHT
SSAS
• Do you continue as a professional trustee?
• What provisions are needed to reflect the new role?
• Protection
• Interim amendment or replacement deed?
SIPP
• Scope of new investment powers
• Provisions relating to residential property
• Protection and control
Ian Davies
Pensions Partner
Eversheds LLP

HOW TO HANDLE UK AND OVERSEAS RESIDENTIAL PROPERTY
• Residential - the new opportunity
• Residential and commercial - essential differences
• Issues for scheme providers and members, including statutory and contractual property liabilities
• UK and beyond
• Other issues, including tenancies, costs and fees and tenant default
Peter Weir
Director
Suffolk Life Annuities Ltd

ACTION BETWEEN NOW AND A-DAY
• Maximising contributions pre A-day
• Completing commercial property purchases pre A-day
• SSAS loanbacks pre A-day ?
• SSAS borrow pre A-day for property which completes after?
• SSAS buy shares in sponsoring company pre A-day ?
• Draw full benefits pre A-day to avoid 2nd BCE at 75?
• Review all phased/drawdown clients because of 2nd BCE at 75
• Gear up for huge demand for drawdown calcs/recalcs on 6th April - how to meet the demand?
• How to decide who should apply for EP and how to protect the adviser
Neil Marsh
Managing Director
Hornbuckle Mitchell

THE NEW BENEFIT OPTIONS AND THE IMPACT ON THE RETIREMENT PLANNING PROCESS
• The new options of Alternatively Secured Pension, Unsecured Pension and new annuity variants; in which circumstances might each be used?
- What are the tax implications?
- What are the investment implications?
Stewart Ritchie OBE
Director (Pensions Development)
Scottish Equitable

SSAS OR SIPP OR A NEW WORLD?
SSAS
• Pension choices post A-day
• Differences between the personal and small occupational scheme
• Scheme establishment
• Provider and administrator liabilities
• Self investment
• Final salary SSAS?
• Scheme pensions?
• The common trust
• Pension Act issues
• Advising the client on a post A-day pension
David Seaton
Director of Consultancy
James Hay Pension Trustees Ltd

SIPP
• A-day : an opportunity for advisers to make a difference
• Risk tolerance - educating the client
• Asset allocation - IFAs must learn the lessons of history
• "Black box" solutions - limited value and potentially dangerous
• Conclusion - improve your knowledge, prove your skills, boost profitability
Brian Dennehy
Managing Director
Dennehy, Weller & Co

TAX PLANNING IN THE NEW PENSIONS WORLD
• Flexibility of tax efficient saving
• Points of interest on the different types of tax
- Capital gains tax
- Income tax
- Inheritance tax
- Benefit in Kind charges
• Other Considerations
- Bankruptcy
- Inter-generational tax effects
• The future for tax relief on pensions
John White
Partner, Pensions & Investment
RSM Robson Rhodes LLP

WILL GROUP SIPP BE THE DEATH OF THE AVC AND ARE THERE OTHER VICTIMS?
• Will group sipp integrate with DC or replace it?
• Can it be installed without one-to-one advice?
• Will this aid the spread of flex?
• Will portability be an issue?
• Are charges a barrier?
Robert Reid
Managing Director
Syndaxi Financial Planning

TRANSITIONAL ARRANGEMENTS
• Enhanced protection and its quirks
• The double lifetime allowance test
• Tax-free cash, block transfers, section 32s and scheme wind-ups
• Special early pension ages
John Lawson
Marketing Technical Manager
Standard Life Assurance Company