09 January 2019 - Events
4:00pm – Registration
4:15pm – Start
6:15pm – Networking drinks
We invite you to join us at our second pensions forum on Tuesday 3 October 2017. Following our very successful inaugural event last year, Withers' pensions team have once again gathered pension experts from within the firm and guest speakers for presentations and discussions on a range of transfer-related topics.
Transfers from pension schemes, and in particular from defined benefit schemes, are the hot topic of 2017. The demand for transfers has soared since April 2015 with the introduction of new flexibilities for individuals who have defined contribution benefits, and the hugely advantageous changes to the tax rules for anyone who wishes to pass on their pension benefits on death. Combine these changes with the fact that economic conditions are very favourable for transfers, and we find ourselves in an environment of record levels of transfers. With pension transfers also increasing in the context of divorce, and the rules around overseas transfers having changed significantly in the past 12 months, there is much to learn about the evolving landscape of pension transfers!
Our legal and financial experts will cover the following topics:
Defined benefit transfers
- the current transfer requirements
- the risks associated with DB transfers, and
- the changing advice requirements, including the FCA’s proposed changes to advice on pension transfers and the recent DWP consultation on valuing pensions
Overseas pension transfers
- the new overseas transfer charge
- changes to the QROPS requirements and the implications for QNUPS, and
- the new offshore trust rules for deemed domiciliaries.
Pension transfers on divorce
- review of the Pensions on Divorce Advisory Group review of the treatment of pensions on divorce, including
- its objective of creating an authoritative guide to good practice for use by the courts, family practitioners and litigants in person.
This session will include an open discussion on matters such as achieving a common approach for valuing and dealing with pensions on divorce, whether pension benefits accrued outside the period of marriage should be taken into account, and how the 2015 pension freedoms alter the approach that should be taken.
To register, please click the Request A Place button below. If you have any questions, please get in touch with our event contact, Tom Harris.