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oracle<br />
November 2010 Technical Insight for adviser use only<br />
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A new dawn in pensions –<br />
different choices in retirement<br />
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Also in this issue:<br />
> Proposed changes to unsecured<br />
pension rules – a help or a hindrance?<br />
> Pension tax relief post 2011<br />
> Comprehensive Spending Review<br />
> How will you demonstrate your professionalism?<br />
> New – Sales Focus – incorporating guarantees into<br />
a client's pension fund<br />
> Impact of the changes to Capital Gains Tax<br />
<br />
> Client<a title="Oracle - November 2010 page 1" href="http://viewer.zmags.com/publication/8cfcdb79?page=1">oracleNovember 2010 Techn</a> oracleNovember 2010 Techn<a title="Oracle - November 2010 page 2" href="http://viewer.zmags.com/publication/8cfcdb79?page=2">November 2010</a> November 2010<a title="Oracle - November 2010 page 3" href="http://viewer.zmags.com/publication/8cfcdb79?page=3">Technical Insight – for adviser use onlyoracleC</a> Technical Insight – for adviser use onlyoracleC<a title="Oracle - November 2010 page 4" href="http://viewer.zmags.com/publication/8cfcdb79?page=4">November 2010ForewordHello. Welcome t</a> November 2010ForewordHello. Welcome t<a title="Oracle - November 2010 page 5" href="http://viewer.zmags.com/publication/8cfcdb79?page=5">Technical Insight – for adviser use only</a> Technical Insight – for adviser use only<a title="Oracle - November 2010 page 6" href="http://viewer.zmags.com/publication/8cfcdb79?page=6">November 2010Is removingcompulsoryannuit</a> November 2010Is removingcompulsoryannuit<a title="Oracle - November 2010 page 7" href="http://viewer.zmags.com/publication/8cfcdb79?page=7">Technical Insight – for adviser use onlyIn su</a> Technical Insight – for adviser use onlyIn su<a title="Oracle - November 2010 page 8" href="http://viewer.zmags.com/publication/8cfcdb79?page=8">November 2010The report's aims are twofol</a> November 2010The report's aims are twofol<a title="Oracle - November 2010 page 9" href="http://viewer.zmags.com/publication/8cfcdb79?page=9">Technical Insight – for adviser use onlyW</a> Technical Insight – for adviser use onlyW<a title="Oracle - November 2010 page 10" href="http://viewer.zmags.com/publication/8cfcdb79?page=10">November 2010Proposed changesto unsecured</a> November 2010Proposed changesto unsecured<a title="Oracle - November 2010 page 11" href="http://viewer.zmags.com/publication/8cfcdb79?page=11">Technical Insight – for adviser use only</a> Technical Insight – for adviser use only<a title="Oracle - November 2010 page 12" href="http://viewer.zmags.com/publication/8cfcdb79?page=12">November 2010Summary of the proposed chan</a> November 2010Summary of the proposed chan<a title="Oracle - November 2010 page 13" href="http://viewer.zmags.com/publication/8cfcdb79?page=13">Technical Insight – for adviser use onlyI</a> Technical Insight – for adviser use onlyI<a title="Oracle - November 2010 page 14" href="http://viewer.zmags.com/publication/8cfcdb79?page=14">November 2010The removal of the age limit</a> November 2010The removal of the age limit<a title="Oracle - November 2010 page 15" href="http://viewer.zmags.com/publication/8cfcdb79?page=15">Technical Insight – for adviser use onlyP</a> Technical Insight – for adviser use onlyP<a title="Oracle - November 2010 page 16" href="http://viewer.zmags.com/publication/8cfcdb79?page=16">November 2010“When” or “if” to annuitise</a> November 2010“When” or “if” to annuitise<a title="Oracle - November 2010 page 17" href="http://viewer.zmags.com/publication/8cfcdb79?page=17">Technical Insight – for adviser use onlyT</a> Technical Insight – for adviser use onlyT<a title="Oracle - November 2010 page 18" href="http://viewer.zmags.com/publication/8cfcdb79?page=18">November 2010Incomedrawdownreviews – whatar</a> November 2010Incomedrawdownreviews – whatar<a title="Oracle - November 2010 page 19" href="http://viewer.zmags.com/publication/8cfcdb79?page=19">Technical Insight – for adviser use onlyI</a> Technical Insight – for adviser use onlyI<a title="Oracle - November 2010 page 20" href="http://viewer.zmags.com/publication/8cfcdb79?page=20">November 2010Despite this, drawdown has r</a> November 2010Despite this, drawdown has r<a title="Oracle - November 2010 page 21" href="http://viewer.zmags.com/publication/8cfcdb79?page=21">Technical Insight – for adviser use only </a> Technical Insight – for adviser use only <a title="Oracle - November 2010 page 22" href="http://viewer.zmags.com/publication/8cfcdb79?page=22">November 2010Three potential options to c</a> November 2010Three potential options to c<a title="Oracle - November 2010 page 23" href="http://viewer.zmags.com/publication/8cfcdb79?page=23">Technical Insight – for adviser use onlyc</a> Technical Insight – for adviser use onlyc<a title="Oracle - November 2010 page 24" href="http://viewer.zmags.com/publication/8cfcdb79?page=24">November 20102. Drawdown to Drawdown tran</a> November 20102. Drawdown to Drawdown tran<a title="Oracle - November 2010 page 25" href="http://viewer.zmags.com/publication/8cfcdb79?page=25">Technical Insight – for adviser use only3</a> Technical Insight – for adviser use only3<a title="Oracle - November 2010 page 26" href="http://viewer.zmags.com/publication/8cfcdb79?page=26">November 2010Review strategy – here's an</a> November 2010Review strategy – here's an<a title="Oracle - November 2010 page 27" href="http://viewer.zmags.com/publication/8cfcdb79?page=27">Technical Insight – for adviser use onlyW</a> Technical Insight – for adviser use onlyW<a title="Oracle - November 2010 page 28" href="http://viewer.zmags.com/publication/8cfcdb79?page=28">November 2010Realising ambitionsIncome d</a> November 2010Realising ambitionsIncome d<a title="Oracle - November 2010 page 29" href="http://viewer.zmags.com/publication/8cfcdb79?page=29">Technical Insight – for adviser use only</a> Technical Insight – for adviser use only<a title="Oracle - November 2010 page 30" href="http://viewer.zmags.com/publication/8cfcdb79?page=30">November 2010F cusRegulation & legislation foc</a> November 2010F cusRegulation & legislation foc<a title="Oracle - November 2010 page 31" href="http://viewer.zmags.com/publication/8cfcdb79?page=31">Technical Insight – for adviser use onlyS</a> Technical Insight – for adviser use onlyS<a title="Oracle - November 2010 page 32" href="http://viewer.zmags.com/publication/8cfcdb79?page=32">November 2010Personal PensionsThe big ne</a> November 2010Personal PensionsThe big ne<a title="Oracle - November 2010 page 33" href="http://viewer.zmags.com/publication/8cfcdb79?page=33">Technical Insight – for adviser use only</a> Technical Insight – for adviser use only<a title="Oracle - November 2010 page 34" href="http://viewer.zmags.com/publication/8cfcdb79?page=34">November 2010Regulation & legislation focus</a> November 2010Regulation & legislation focus<a title="Oracle - November 2010 page 35" href="http://viewer.zmags.com/publication/8cfcdb79?page=35">Technical Insight – for adviser use only></a> Technical Insight – for adviser use only><a title="Oracle - November 2010 page 36" href="http://viewer.zmags.com/publication/8cfcdb79?page=36">November 2010 purchase arrangements, m</a> November 2010 purchase arrangements, m<a title="Oracle - November 2010 page 37" href="http://viewer.zmags.com/publication/8cfcdb79?page=37">Technical Insight – for adviser use only></a> Technical Insight – for adviser use only><a title="Oracle - November 2010 page 38" href="http://viewer.zmags.com/publication/8cfcdb79?page=38">November 2010Regulation & legislation focu</a> November 2010Regulation & legislation focu<a title="Oracle - November 2010 page 39" href="http://viewer.zmags.com/publication/8cfcdb79?page=39">Technical Insight – for adviser use onlySu</a> Technical Insight – for adviser use onlySu<a title="Oracle - November 2010 page 40" href="http://viewer.zmags.com/publication/8cfcdb79?page=40">Professionalism has been thecornerstone of finan</a> Professionalism has been thecornerstone of finan<a title="Oracle - November 2010 page 41" href="http://viewer.zmags.com/publication/8cfcdb79?page=41">> A revised list of “RDR compliant” > </a> > A revised list of “RDR compliant” > <a title="Oracle - November 2010 page 42" href="http://viewer.zmags.com/publication/8cfcdb79?page=42">> Accredited bodies must also carry out add</a> > Accredited bodies must also carry out add<a title="Oracle - November 2010 page 43" href="http://viewer.zmags.com/publication/8cfcdb79?page=43">So, moving forward you should:> Check with your</a> So, moving forward you should:> Check with your<a title="Oracle - November 2010 page 44" href="http://viewer.zmags.com/publication/8cfcdb79?page=44">November 2010Regulation & legislation focus</a> November 2010Regulation & legislation focus<a title="Oracle - November 2010 page 45" href="http://viewer.zmags.com/publication/8cfcdb79?page=45">Technical Insight – for adviser use onlyW</a> Technical Insight – for adviser use onlyW<a title="Oracle - November 2010 page 46" href="http://viewer.zmags.com/publication/8cfcdb79?page=46">November 2010Will we be able to trade in </a> November 2010Will we be able to trade in <a title="Oracle - November 2010 page 47" href="http://viewer.zmags.com/publication/8cfcdb79?page=47">Technical Insight – for adviser use onlyT</a> Technical Insight – for adviser use onlyT<a title="Oracle - November 2010 page 48" href="http://viewer.zmags.com/publication/8cfcdb79?page=48">November 2010I'm hearing a lot about tech</a> November 2010I'm hearing a lot about tech<a title="Oracle - November 2010 page 49" href="http://viewer.zmags.com/publication/8cfcdb79?page=49">Technical Insight – for adviser use onlyF</a> Technical Insight – for adviser use onlyF<a title="Oracle - November 2010 page 50" href="http://viewer.zmags.com/publication/8cfcdb79?page=50">November 2010Regulation & legislation focus</a> November 2010Regulation & legislation focus<a title="Oracle - November 2010 page 51" href="http://viewer.zmags.com/publication/8cfcdb79?page=51">Technical Insight – for adviser use onlyI</a> Technical Insight – for adviser use onlyI<a title="Oracle - November 2010 page 52" href="http://viewer.zmags.com/publication/8cfcdb79?page=52">GovernanceIt is a requirement of the conduct of</a> GovernanceIt is a requirement of the conduct of<a title="Oracle - November 2010 page 53" href="http://viewer.zmags.com/publication/8cfcdb79?page=53">The FSA's view is that the wordingof the Custome</a> The FSA's view is that the wordingof the Custome<a title="Oracle - November 2010 page 54" href="http://viewer.zmags.com/publication/8cfcdb79?page=54">November 2010New to Oracle newSales focu</a> November 2010New to Oracle newSales focu<a title="Oracle - November 2010 page 55" href="http://viewer.zmags.com/publication/8cfcdb79?page=55">Technical Insight – for adviser use onlySu</a> Technical Insight – for adviser use onlySu<a title="Oracle - November 2010 page 56" href="http://viewer.zmags.com/publication/8cfcdb79?page=56">November 2010The second method of guarant</a> November 2010The second method of guarant<a title="Oracle - November 2010 page 57" href="http://viewer.zmags.com/publication/8cfcdb79?page=57">Technical Insight – for adviser use onlyu</a> Technical Insight – for adviser use onlyu<a title="Oracle - November 2010 page 58" href="http://viewer.zmags.com/publication/8cfcdb79?page=58">November 2010The Prudential With-Profits </a> November 2010The Prudential With-Profits <a title="Oracle - November 2010 page 59" href="http://viewer.zmags.com/publication/8cfcdb79?page=59">Technical Insight – for adviser use onlyI</a> Technical Insight – for adviser use onlyI<a title="Oracle - November 2010 page 60" href="http://viewer.zmags.com/publication/8cfcdb79?page=60">November 2010Tax focusThe impact of change</a> November 2010Tax focusThe impact of change<a title="Oracle - November 2010 page 61" href="http://viewer.zmags.com/publication/8cfcdb79?page=61">Technical Insight – for adviser use only(</a> Technical Insight – for adviser use only(<a title="Oracle - November 2010 page 62" href="http://viewer.zmags.com/publication/8cfcdb79?page=62">November 2010In August 2010 Emma disposed </a> November 2010In August 2010 Emma disposed <a title="Oracle - November 2010 page 63" href="http://viewer.zmags.com/publication/8cfcdb79?page=63">Technical Insight – for adviser use onlyW</a> Technical Insight – for adviser use onlyW<a title="Oracle - November 2010 page 64" href="http://viewer.zmags.com/publication/8cfcdb79?page=64">November 2010The company must be either a</a> November 2010The company must be either a<a title="Oracle - November 2010 page 65" href="http://viewer.zmags.com/publication/8cfcdb79?page=65">Technical Insight – for adviser use onlyS</a> Technical Insight – for adviser use onlyS<a title="Oracle - November 2010 page 66" href="http://viewer.zmags.com/publication/8cfcdb79?page=66">November 2010Business model focusManaging </a> November 2010Business model focusManaging <a title="Oracle - November 2010 page 67" href="http://viewer.zmags.com/publication/8cfcdb79?page=67">Technical Insight – for adviser use onlyH</a> Technical Insight – for adviser use onlyH<a title="Oracle - November 2010 page 68" href="http://viewer.zmags.com/publication/8cfcdb79?page=68">November 2010Next is the challenge of how</a> November 2010Next is the challenge of how<a title="Oracle - November 2010 page 69" href="http://viewer.zmags.com/publication/8cfcdb79?page=69">Technical Insight – for adviser use onlyl</a> Technical Insight – for adviser use onlyl<a title="Oracle - November 2010 page 70" href="http://viewer.zmags.com/publication/8cfcdb79?page=70">November 2010Research focusNew decumulat</a> November 2010Research focusNew decumulat<a title="Oracle - November 2010 page 71" href="http://viewer.zmags.com/publication/8cfcdb79?page=71">Technical Insight – for adviser use only</a> Technical Insight – for adviser use only<a title="Oracle - November 2010 page 72" href="http://viewer.zmags.com/publication/8cfcdb79?page=72">November 2010Contact UsSpeak to a techni</a> November 2010Contact UsSpeak to a techni<a title="Oracle - November 2010 page 73" href="http://viewer.zmags.com/publication/8cfcdb79?page=73">Technical Insight – for adviser use only</a> Technical Insight – for adviser use only<a title="Oracle - November 2010 page 74" href="http://viewer.zmags.com/publication/8cfcdb79?page=74">November 2010Client SupportRetirement </a> November 2010Client SupportRetirement <a title="Oracle - November 2010 page 75" href="http://viewer.zmags.com/publication/8cfcdb79?page=75">Technical Insight – for adviser use only</a> Technical Insight – for adviser use only<a title="Oracle - November 2010 page 76" href="http://viewer.zmags.com/publication/8cfcdb79?page=76">November 2010In this edition, our client </a> November 2010In this edition, our client <a title="Oracle - November 2010 page 77" href="http://viewer.zmags.com/publication/8cfcdb79?page=77">Technical Insight – for adviser use only</a> Technical Insight – for adviser use only<a title="Oracle - November 2010 page 78" href="http://viewer.zmags.com/publication/8cfcdb79?page=78">TheContributorsVince Smith-HughesVince Smith-H</a> TheContributorsVince Smith-HughesVince Smith-H<a title="Oracle - November 2010 page 79" href="http://viewer.zmags.com/publication/8cfcdb79?page=79">Technical Insight – for adviser use onlyN</a> Technical Insight – for adviser use onlyN<a title="Oracle - November 2010 page 80" href="http://viewer.zmags.com/publication/8cfcdb79?page=80">Gerry GallagherGerry Gallagher has been a With-P</a> Gerry GallagherGerry Gallagher has been a With-P<a title="Oracle - November 2010 page 81" href="http://viewer.zmags.com/publication/8cfcdb79?page=81">Technical Insight – for adviser use onlyB</a> Technical Insight – for adviser use onlyB<a title="Oracle - November 2010 page 82" href="http://viewer.zmags.com/publication/8cfcdb79?page=82">www.pruadviser.co.uk"Prudential" is a trading </a> www.pruadviser.co.uk"Prudential" is a trading <a title="Oracle - November 2010 page 83" href="http://viewer.zmags.com/publication/8cfcdb79?page=83"></a> <a title="Oracle - November 2010 page 84" href="http://viewer.zmags.com/publication/8cfcdb79?page=84"></a> <a title="Oracle - November 2010 page 85" href="http://viewer.zmags.com/publication/8cfcdb79?page=85">Suitable for use with clients </a> Suitable for use with clients <a title="Oracle - November 2010 page 86" href="http://viewer.zmags.com/publication/8cfcdb79?page=86">Retirement could last longerthan you imagine...</a> Retirement could last longerthan you imagine...<a title="Oracle - November 2010 page 87" href="http://viewer.zmags.com/publication/8cfcdb79?page=87">up,up!…and prices keep going up,Over time </a> up,up!…and prices keep going up,Over time <a title="Oracle - November 2010 page 88" href="http://viewer.zmags.com/publication/8cfcdb79?page=88">What are my family's needs?It's important to </a> What are my family's needs?It's important to <a title="Oracle - November 2010 page 89" href="http://viewer.zmags.com/publication/8cfcdb79?page=89">...and what about my health?Often ill health </a> ...and what about my health?Often ill health <a title="Oracle - November 2010 page 90" href="http://viewer.zmags.com/publication/8cfcdb79?page=90">Some of the retirement optionsavailable to you?</a> Some of the retirement optionsavailable to you?<a title="Oracle - November 2010 page 91" href="http://viewer.zmags.com/publication/8cfcdb79?page=91">You want a widerange of investmentoptions to ch</a> You want a widerange of investmentoptions to ch<a title="Oracle - November 2010 page 92" href="http://viewer.zmags.com/publication/8cfcdb79?page=92">Retirement is a journeyYour retirement will no d</a> Retirement is a journeyYour retirement will no d<a title="Oracle - November 2010 page 93" href="http://viewer.zmags.com/publication/8cfcdb79?page=93">Your financial adviser will be able to help youc</a> Your financial adviser will be able to help youc<a title="Oracle - November 2010 page 94" href="http://viewer.zmags.com/publication/8cfcdb79?page=94">www.pruadviser.co.uk"Prudential" is a trading </a> www.pruadviser.co.uk"Prudential" is a trading