Current Pensions and Finance Issues

by Rob Weaver
access120 days access
cpd hours4 CPD hours
This course is not currently available. This may be because we are updating it, because a new version is soon to be published or because it is being withdrawn. To find out more or to ask us a question about this course, please email us.

This course will enable you to:

  • Understand the new state pension
  • Be able to detect pension scams
  • Enhance your understanding of current pensions and financial issue
  • Effectively guide clients with regard to their ongoing automatic enrolment responsibilities
This course has been revised and is up to date for 2019-20.

In recent times, pensions systems and the legislation that governs them have undergone a dramatic upheaval. With automatic enrolment and pensions freedoms constantly evolving, being up to date with the latest legislation and current thinking is paramount and will give good context to those in practice and industry. This course is designed to get you up to speed with current pensions and finance issues as well as signposting the changes currently taking place and those yet to come.

State pension 2016 and beyond

  • What is the state pension?
  • What is the "old system"?
  • What is the state pension age?
  • What is the starting amount for the new state pension?
  • How can you top up your state pension if you've already retired?
  • How can you top up the state pension from April 2016?
  • What happens to an individual's state pension if they pass away?

The latest on automatic enrolment

  • What is the re-enrolment process?
  • What factors do employers need to consider when re-enrolling employees?
  • How do employers choose their pension providers?
  • What are the net pay and relief at source methods?
  • What changes have been made to auto-enrolment thresholds and minimum pension contributions?
  • What does The Pensions Regulator do?
  • What changes have been made to employer duties regarding auto-enrolment?
  • What steps should SMEs take to implement automatic enrolment?
  • What does the future hold for pension providers?
  • How successful is automatic enrolment?

Pension and savings changes

  • What is the annual allowance?
  • What changes may be made to the annual allowance?
  • How do adjusted income and threshold income determine annual allowance?
  • What is lifetime allowance?
  • What is the lifetime ISA?
  • What is a pensions dashboard?
  • What reforms are being made to pension tax relief?
  • What could replace the current pensions regime?
  • What are the challenges of transitions to a new pensions system?

Pension freedom

  • What is the money purchase annual allowance?
  • What is a lifetime annuity?
  • What is the drawdown pension?
  • What is a flexi-access drawdown?
  • What are pension death benefits?
  • How can a beneficiary pass death benefits to a successor?
  • What has happened since the implementation of the new pension freedom rules?
  • What do savers want under the new system?
  • What does the future hold for annuities?
  • What are the charges on exiting a pension fund?
  • How can you reclaim overpaid tax on pension funds?

Pension and finance scams

  • How common are pension and finance scams?
  • What is the Financial Services Register?
  • What are the warning signs of a pension scam?
  • What tactics are fraudsters using?
  • What is Project Bloom?
  • What are the tax consequences of pension liberation?

Rob Weaver BA (Hons) Dip PFS helps companies comply with their auto enrolment responsibilities through his work with 3Difs, a firm of Chartered Financial Planners and Employee Benefit Consultants.

He is a former Senior Pensions Consultant at a leading pensions provider. He holds the Certificate In Pensions Automatic Enrolment, Diploma in Financial Planning and the APMP in Project Management. He also sits on the AAT Payroll and Pensions technical committee and works on training projects on Automatic Enrolment.

He is experienced in employee benefit schemes, directors' pension scheme and self-invested personal pensions. He currently works on a number of consultancy and training projects.

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