Paul Squirrell, Head of Retirement and Savings Development, Fidelity Adviser Solutions, picks his top technical articles from the firm’s website and featured on the Editor’s Pick on the Professional Paraplanner daily emails.
Paul says: This month, there are three pieces of content I would like to highlight from our technical hub, which I believe will be of help to paraplanners.
The first is our article TTFAC for clients over age 75 and taking PCLS – Is there still a trap?
We look at whether it is generally a good idea to consider applying for a transitional tax-free amount certificate (TTFAC) for a client who is over age 75 and looking to take PCLS. We look at how TTFAC works, when applying for a certificate will benefit a client and provide a case study illustrating when applying for a certificate is advisable.
Next, is our article Can clients have their cake and eat it?
In this piece we examine the hybrid retirement income solution which includes the flexibility of drawdown and the certainty of a lifetime annuity. The question to ask is how relevant is a hybrid solution for advised clients who have built up sufficient wealth during their working life? You may be surprised by our anaylsis.
Last but not least, I’d like to flag our Consumer Duty checklist, which is available to download.
Consumer Duty is fundamental to how financial planning firms must operate and so integral to paraplanners thinking. Fidelity, in conjunction with Thistle Initiatives, has produced a checklist covering all the various aspects of the Consumer Duty, with a handy means to document and record a firm’s review process.
Keep an eye on the Paraplanner Technical Hub and our Technical resources area on the Fidelity Adviser Solutions website for more of our insights. And of course we’ll be highlighting selected articles and videos via the Professional Paraplanner emails in the months ahead.
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