Techlink in Conversation Technical Connection

Eddie Grant chats to our pension’s guru, Claire Trott about the abolition of the lifetime allowance, the current rules and questions we are receiving about a possible future change in government
In this episode of Techlink in Conversation, Eddie Grant and Claire Trott, directors at Technical Connection, discuss recent events and key issues in the world of tax, trust, and pensions. They reflect on their recent in-person conference, Techlink Live, where Claire engaged with numerous financial planners and fielded many inquiries, highlighting the excitement of the impact of the recent Lifetime Allowance changes and General Election speculation.
The conversation delves into the "Triple Lock Plus" initiative, aimed at ensuring pensioners do not pay income tax on their state pension, though many details remain unclear.
Further, they discuss the complex status of the lifetime allowance, noting that while it was announced as abolished by Jeremy Hunt, the reality involves new allowances and significant legislative gaps. Claire emphasizes the importance of finalizing these changes to avoid uncertainty and potential unfairness for savers and retirees.
They also touch on the broader implications of these pension changes, including public and private sector impacts, and the need for clear, detailed policy to avoid adverse effects on long-term savings behaviours. Claire mentions the Institute for Fiscal Studies' recent note on the lifetime allowance, stressing the importance of advisers staying informed to effectively counsel clients amid ongoing changes.
Overall, the episode underscores the fluid and complex nature of pension regulations and the necessity for financial professionals to remain vigilant and adaptable.
Subscribe to future podcasts and review our Techlink in Conversation catalogue for a deep dive across Technical, Vulnerability and Research themed conversations.
Please leave a comment, we would love to know what you think of our conversations, why not like it too!
Please note - The content of this recording is strictly for general consideration only. No action must be taken or refrained from based on the content alone. Professional advice must always be sought. Accordingly, neither Technical Connection Ltd nor any of its officers, employees or contractors can take responsibility for any loss occasioned because of any such action or inaction.

Eddie Grant chats to Financial Planner, Kelly Mills about her insightful research about goal setting for young adults and their reluctance to seek professional advice.
In this episode of the TechLink in Conversation, host Eddie Grant interviews Kelly Mills, who discusses her 2023 dissertation on young adults' financial goals and their reluctance to seek professional advice. Key findings include a common goal among interviewees to purchase a house, yet a general hesitance to consult financial advisors. The research highlights a perceived inaccessibility of financial advice, with many believing it's tailored for the wealthy, middle-aged demographic, despite recognising its universal benefit. Kelly suggests the potential for more extensive future research to explore the impact of expert financial advice on achieving such goals more effectively.
Subscribe to future podcasts and review our Techlink in Conversation catalogue for a deep dive across Technical, Vulnerability and Research themed conversations.
Please leave a comment, we would love to know what you think of our conversations, why not like it too!
Please note - The content of this recording is strictly for general consideration only. No action must be taken or refrained from based on the content alone. Professional advice must always be sought. Accordingly, neither Technical Connection Ltd nor any of its officers, employees or contractors can take responsibility for any loss occasioned because of any such action or inaction.

Eddie Grant chats to Jonathan Warren, Principal Consultant & Head of Innovation, Altus Consulting about all things all things vulnerability and the TISA vulnerability radar tool.
Our conversation delves into the FCA's focus on vulnerability in the financial services profession, discussing its definition, importance, and the impact of recent regulatory developments. Jonathan Warren highlights the evolution of vulnerability considerations since 2014, emphasizing the FCA's and the industry's ongoing commitment. He explores the definition of vulnerability, its key drivers, and the significance of financial lives surveys in understanding vulnerability dynamics. The discussion also touches on the Tisa Vulnerability Radar as a tool for firms to assess their support for vulnerable clients and the implications of the consumer duty for enhancing focus on vulnerability.
Helpful links
TISA Vulnerability radar tool - TISA Vulnerability Radar - TISA
Subscribe to future podcasts and review our Techlink in Conversation catalogue for a deep dive across Technical, Vulnerability and Research themed conversations.
Please leave a comment, we would love to know what you think of our conversations, why not like it too!
Please note - The content of this recording is strictly for general consideration only. No action must be taken or refrained from based on the content alone. Professional advice must always be sought. Accordingly, neither Technical Connection Ltd nor any of its officers, employees or contractors can take responsibility for any loss occasioned because of any such action or inaction.

Eddie Grant chats to Claire Trott, Technical Connection Director, to discuss the imminent lifetime allowance changes.
The Chancellor announced the abolition of the lifetime allowance (LTA) in the spring budget of 2023. While there may be amendments, the main form of the legislation should go through. As a result, the LTA charge will be removed from 6 April 2023, but the existing framework remains in place until the full abolition in the 2024-2025 tax year. Claire discusses the changes and what advisers should consider and what they should say to their clients.
Subscribe to future podcasts and review our Techlink in Conversation catalogue for a deep dive across Technical, Vulnerability and Research themed conversations.
Please leave a comment, we would love to know what you think of our conversations, why not like it too!
Please note - The content of this recording is strictly for general consideration only. No action must be taken or refrained from based on the content alone. Professional advice must always be sought. Accordingly, neither Technical Connection Ltd nor any of its officers, employees or contractors can take responsibility for any loss occasioned as a result of any such action or inaction.
 

Eddie Grant in conversation with Simon Neville who discusses his recent MBA research on ““a critical analysis of the effectiveness and influence of financial advisers working with entrepreneurs on business exits”
The research establishes three key themes that influence this:
The entrepreneurs' mindset when it comes to managing their finances.
A demonstrable lack of knowledge and uptake of financial solutions that could enhance financial outcomes by entrepreneurs.
The poor reputation of the financial advice sector. This includes those who choose not to work with a financial advisor and those who do.
Subscribe to future podcasts and review our Techlink in Conversation catalogue for a deep dive across Technical, Vulnerability and Research themed conversations.
Please leave a comment, we would love to know what you think of our conversations, why not like it too!
Please note - The content of this recording is strictly for general consideration only. No action must be taken or refrained from based on the content alone. Professional advice must always be sought. Accordingly, neither Technical Connection Ltd nor any of its officers, employees or contractors can take responsibility for any loss occasioned as a result of any such action or inaction.

Eddie Grant chats to Claire Trott, Technical Connection Director, to discuss topical Techlink bulletins. This episode we chat through:
Lifetime allowance changes
New Office of National Statistics Life Expectancy Table
National Insurance changes
Subscribe to future podcasts and review our Techlink in Conversation catalogue for a deep dive across Technical, Vulnerability and Research themed conversations.
Please leave a comment, we would love to know what you think of our conversations, why not like it too!
Please note - The content of this recording is strictly for general consideration only. No action must be taken or refrained from based on the content alone. Professional advice must always be sought. Accordingly, neither Technical Connection Ltd nor any of its officers, employees or contractors can take responsibility for any loss occasioned as a result of any such action or inaction.