7172019 docs_techtalk-2015-09 (2)PDF

httpslidepdfcomreaderfulldocstechtalk-2015-09-2pdf 11

Jeremy Branton

Jeremy has over 25 years experience working for

financial services providers in a number of technical

and advisory roles Having joined the group in

2006 he now specialises in corporate pensions

with particular focus on pensions reform

Sandra Hogg

Sandra is the senior tax manager within

Scottish Widows with 17 years of hands on

experience dealing with HMRC and advising owner

managed businesses as an accountant and tax

adviser She has over 16 years insurance industry

experience as a financial planning expert within the

group She represents Scottish Widows at industry

forums and at the ABIrsquos Investment Product Tax

Panel and is Scottish Widowsrsquo expert spokesperson

on Tax and Financial Planning

2 techtalk

CONTRIBUTORS

EDITOR

12

26

CONTENTS

A RECORD HIGH FOR SAVINGS 991251THE SCOTTISH WIDOWS RETIREMENTREPORT 983090983088983089983093

Ian Naismith

The latest Scottish Widows Retirement Report

reveals a record number of people saving adequately

for retirement but therersquos still a lot to do to provide

a comfortable living standard for the majority

AGE DISCRIMINATION RETIREMENTAND PENSIONS CHANGING PATTERNSAT WORK

Bernadette Lewis

A look at key aspects of age discrimination

legislation applying to retirement ages and

workplace pension provision

WORKPLACE PENSION SCHEMES AND

EMPLOYER CONSULTATIONS

Jeremy Branton

Employers making changes to their pension

arrangements in light of their automatic enrolment

obligations may have a legal duty to consult their

employees

LIFETIME ALLOWANCE PROTECTION991251 READY FOR ANOTHER ROUND

Chris Jones

The Lifetime allowance reduces again from April

2016 to pound1m accompanied by another round

of protection A further reduction means many

more clients will be affected and in need of

advice We look at the options available

TUPE PENSIONS AND AUTOMATICENROLMENT UNDERSTANDING THEINTERACTIONS

Bernadette Lewis

Employers involved in TUPE transfers often have

to comply with both TUPE and automatic

enrolment legislation We provide an adviserrsquos

guide to the essentials

AUTOMATIC ENROLMENT SCHEMECERTIFICATION

Thomas CoughlanA summary of the automatic enrolment certification

options that allow employers to use an alternative

definition of pensionable pay for automatic

enrolment

PENSION FREEDOMS 991251 EDUCATINGYOUR EMPLOYEES

Lynn Graves

The pension freedoms offer more choices leading

to employees wanting guidance and advice from

sources including their employer Poor decisions

could mean being unable to retire and poor

morale affecting the employer too This could

lead to new opportunities for advisers

7

4

10

17

22

Bernadette Lewis

Bernadette joined the group in 2006 and has

over 30 years experience in the financial services

sector gaining a broad experience across both

life and pensions while working for providers

and intermediaries She now specialises in

pension planning and automatic enrolment while

maintaining her expertise in tax and trusts

Chris Jones

Chris joined the group in 1996 Hersquos worked in a

number of technical roles in marketing product

development and technical support After many

years specialising in life and investment productshis recent focus has been on the new pension

reforms

Lynn Graves

Lynn has 15 years experience in financial services

specialising in marketing strategy and business

development roles MBA qualified with a career

dedicated to the B2B sector Lynn is a senior

manager within the Corporate Pensions Market

Development

Thomas Coughlan

Tom has spent over 14 years in technical roles

He has wide experience including the provision

of technical support to financial advisers

covering life pensions and investment

compliance He currently specialises in pension

planning and automatic enrolment

Ian Naismith

Ian is a senior manager in retirement income

amp planning He also writes and presents

extensively on pensions as well as representing

Scottish Widows on trade bodies and in

consultations with Government