
Temporary guarantees in retirement income planning are nothing new. But how much do you actually know about how they work?
Join us at 1.00pm on Wednesday 23 September as we take a practical look at temporary guarantees, and what they mean for the planning you’re involved in.
Host Richard Allum is joined by M&G’s Mark Devlin for this conversation.
During this Assembly we’ll cover:
- what temporary guarantees are and how they work
- the options available to clients
- what happens to death benefits
- why you might consider using them in a client’s retirement plan
Expect a couple of real-world case studies to bring it all to life.
What can you expect to take away?
A clearer, more practical understanding of temporary guarantees, and a sense of when and why they might be worth putting in front of a client.
Ready to top up your knowledge? Save your spot now.

When did you last look at a will or an LPA and actually understand what it was trying to do?
Wills are still written in near-Dickensian language, which makes them hard to decode.
And LPAs come with limits that catch people out all the time: what an attorney can and can’t gift, whether they can set up a trust, what happens if the attorney themselves loses capacity?
Join us online at 1pm on Wednesday 9 September for a conversation about wills and LPAs with Shaun Moore, Technical Specialist at Quilter.
With pensions moving into the IHT net, a lot of existing plans are suddenly out of date, and that makes this a good moment to revisit both documents.
This isn’t about which form to fill in or which portal to log into. It’s a planning conversation about why these documents matter, what they can and can’t do, and where the pitfalls are.
During this Assembly we’ll cover
- why pensions coming into the estate means old wills need a second look
- RNRB pitfalls and old discretionary trusts left over from before the transferable nil rate band
- deeds of variation, and what your options are when a will hasn’t been drafted well
- investment powers in will trusts, including bonds for life tenants, STEP provisions and when the Trustee Act 2000 defaults apply
- the limits on what an attorney can do, including gifting and setting up trusts
- LPAs and discretionary fund management, and the Office of the Public Guardian’s reversed guidance (now allowed unless the document says otherwise)
- what happens when an attorney themselves loses capacity, and whether a will can be changed or revoked
What can you expect to take away?
A clearer grasp of wills and LPAs that goes beyond the paperwork, so you can spot the planning issues and pitfalls when they land on your desk.

Are you an outsourced paraplanner?
Whether you’re the only employee of your paraplanning practice, or you lead a paraplanning powerhouse with employees and a hefty bank of clients, outsourced paraplanners share lots of things in common.
You just do.
But here’s the thing: despite the growing number of outsourced paraplanners in the UK these days, opportunities to get together to talk only about things that matter in the outsourced world, are surprisingly few and far between.
Switch off. Show up. Join in.
So, if you’re an outsourced paraplanner, here’s our invitation: at 1pm on Thursday 29 October 2026, set your notifications to ‘do not disturb’, click on the Zoom link in your event invitation and gather with other outsourced paraplanners across the UK for an hour of conversation, ideas and practical insights.
There’s nothing to prepare.
We’re starting this Assembly discussing fees and see where it goes from there.
Spaces are limited. To save a spot hit ‘Book Event’ and look out for the calendar invitation in your inbox.
Would you trust a fun fact you can’t find in black and white?
That’s just one of the questions rattling around in this episode – the first-ever podcast-only instalment of the Self-Assembly Paraplanning Show. It’s a regular, unscripted conversation where a small group of paraplanners compare notes on what’s actually happening in their world.
This episode’s host Sam Tonks, is joined by Julie South, who runs outsourced paraplanning business, Bee Paraplanning, and Steven McBurnie, a Senior Associate at RBC Brewin Dolphin and is currently on the pathway to becoming client-facing.
Across the hour they cover:
- when is a ‘fun fact’ actually ‘fact’? How do you know and why does it matter?
- CPD opportunities hiding in plain sight – why “research before a case” counts as CPD
- AI in paraplanning – where it genuinely helps (source-checking, drafting) and why it hasn’t replaced the trust between adviser and paraplanner
- GP records, data silos, and why medical underwriting keeps stalling protection cases, and the wider frustration of providers who won’t pick up the phone
- smart glasses, meeting recording, and where data collection starts to feel like too much
- clients turning up to meetings having already run their suitability report through ChatGPT or Copilot
The episode wraps up with events for your diary and some very unfinancial recommendations for the Summer holidays.
Even very experienced paraplanners can trip over obstacles lurking in the shadows of IHT.
So we invited Aegon’s tax and trusts manager, Elaine Cruickshank, to join host, Richard Allum, for an online Assembly to help you dodge the IHT perils.
Over the course of one lunch-hour, Elaine:
- untangles the transferable nil rate band and residence nil rate band, including the detail that trips people up around second marriages and downsizing provisions
- gets into the finer points of gifting exemptions, PETs and CLTs, beyond the seven-year headline
- explains how the inclusion of pensions in estates affects the taper threshold, and what that means for clients close to the £2 million mark
- works through charitable giving and the 36% rate, including the added complications once pension funds are in the mix
- brings it all together with planning opportunities you can take straight back to your desk
What can you expect to take away?
Watch or listen now and you’ll have a sharper grasp of the IHT detail that’s easy to get wrong. Plus the confidence to spot these issues in your own client cases.
Watch or listen now
Missed it? Then follow the links below to download Elaine’s slides, watch the replay or catch up with the podcast now.
The outstanding questions
There were so many questions on this Assembly that we ran out of time, so Elaine has provided us with the answers to the outstanding questions, as well as provide a clarification on the final question of the Assembly.
Can the small gifts exemption and the annual £3,000 exemption be given to the same recipient?
If a gift in excess of the £250 small gifts exemption is made, then as this gift is more than the small gifts exemption, the full gift would be allocated against the annual exemption (assuming that this was available).
Why is it called Inheritance Tax? Shouldn’t it be called Estate Tax, as it is (normally) the estate that pays?
“Inheritance Tax” is a better reflection of what the tax is intended to cover — rather than simply being a tax on an estate at death, there could also be IHT applying to lifetime transfers.
Is it best to space significant gifts at least 7 years apart then?
Each gift has its own 7-year clock, but whenever a gift is being made you have to consider the cumulative impact of any gifts made in the previous 7 years. If the donor dies within 7 years of a gift, earlier gifts use up the nil-rate band first before later gifts are considered. Making very large gifts close together can therefore increase the IHT exposure of later gifts, if death occurs within 7 years. Taper relief may reduce the IHT on gifts made more than 3 years before death, but it does not reduce the value of the gift itself for nil-rate band purposes.
Does tax-free income from a beneficiary’s pension (where the spouse dies under age 75), either through an annuity or under FAD, count towards regular income when considering gifting out of surplus income?
This is a grey area and will probably require a tax case to provide clarification. As this money is completely exempt from income tax, HMRC could view the regular withdrawals of this nature as capital rather than income.
Is there a length of time for the ‘main residence’ qualification to be lost?
For the Residence Nil Rate Band, there is no specific minimum or maximum period between the property ceasing to be the deceased’s main residence and their death. The key point is that the property must have been a qualifying residential interest, meaning a property that the deceased occupied as a residence at some point during their ownership. For the downsizing addition, they have to downsize or dispose of the property on or after 8 July 2015, but there is no stipulated timeframe between the date of downsizing/disposal and death.
What if they still own the property but have also moved into a care home?
A property can qualify even if the individual was living in a care home at death, provided the property had been their main residence at some point and they leave the property to their direct descendants. The amount of residence nil rate band available will generally be the lower of the available RNRB and the value of the qualifying residential interest passing to direct descendants, and it may also be reduced by the taper reduction if the estate exceeds £2 million.
If they own a house worth less than the RNRB, should they upsize to make the most of it?
If they upsize and buy a bigger house, the value of the estate would generally remain unchanged — they now have a larger property and less cash. However, if they live in the bigger property as their main residence and leave this to their direct descendants in their will, then they could in theory qualify for the full residence nil rate band if the value of the house was equal to or higher than the residence nil rate band and the £2,000,000 tapering threshold was not breached. However, tax mitigation isn’t the only factor to consider here — there would be the costs of moving house, larger council tax and utility bills etc, which could be more significant than any IHT saving achieved.
Can RNRB apply to an IIP trust, where some people have moved their home into a solicitor’s trust and continued to live in it?
It sounds as though this type of arrangement would potentially be a gift with reservation of benefit, with the value of the property remaining in their IHT estates. Whether or not the RNRB would apply in this scenario would depend on the provisions of the trust. Are the direct descendants the beneficiaries of the trust, and do the trust provisions meet the conditions of ‘directly inheriting’ the property?
An odd feature of paraplanning is that quite a bit of our time is spent designing strategies that are all about the inevitability of death but – just like in our everyday lives – lots of our clients seem reluctant to talk about death and dying and being prepared for it.
Yet the financial grief that families and friends face following a death serves only to compound the overwhelming emotional kind.
That’s what this Assembly is all about. Kylie Clark of Wealthtime, Katy Hancock of Dorothy House Hospice Care and Lucy Halliday from Argonaut Paraplanning joined Richard Allum to talk about death and dying.
Because at a time when a growing percentage of clients are reaching an age when they should be dotting the i’s and crossing the t’s in plenty of time before they die, what can paraplanners do to help them get death-ready?
What you’ll learn
- Out-of-date expression of wish forms, account and app passwords, overseas accounts, tracking down former advisers and solicitors – what are the biggest and most frequent problems following death? And what can clients and their families do to avoid them?
- The way firms handle bereavement is one of the most significant sources of complaints across financial services. With bereavement support about to come under the FCA’s spotlight, what can advice practices do to improve things?
- Learn how the ‘last 1,000 days’ concept could offer a lens to help clients and their families plan
- Grief isn’t just the client’s, it’s the paraplanner’s too. How we’ve been able to acknowledge grief in the past influences how we’re able to help clients experiencing it now and in the future.
Watch or listen now
Paraplanners from all across the UK got together to share ideas, ask questions and break the big taboo about death. Plus there’s one hour’s CPD available.
Missed it? Then follow the links below and watch the replay or catch up with the podcast now.

Are you an outsourced paraplanner?
Whether you’re the only employee of your paraplanning practice, or you lead a paraplanning powerhouse with employees and a hefty bank of clients, outsourced paraplanners share lots of things in common.
You just do.
But here’s the thing: despite the growing number of outsourced paraplanners in the UK these days, opportunities to get together to talk only about things that matter in the outsourced world, are surprisingly few and far between.
Switch off. Show up. Join in.
So, if you’re an outsourced paraplanner, here’s our invitation: at 1pm on Thursday 27 August 2026, set your notifications to ‘do not disturb’, click on the Zoom link in your event invitation and gather with other outsourced paraplanners across the UK for an hour of conversation, ideas and practical insights.
There’s nothing to prepare.
We’re starting this Assembly discussing fees and see where it goes from there.
Spaces are limited. To save a spot hit ‘Book Event’ and look out for the calendar invitation in your inbox.
We all have pension questions we’ve never quite got round to asking. Maybe the moment wasn’t right. Maybe the right expertise wasn’t around. Maybe you just didn’t want to be the one to ask.
That’s why in this Assembly, we staged a pension intervention. Because host Richard Allum posed the most pressing pension-related questions to someone who just loves answering them: Quilter’s retirement and pension technical specialist, Adam Cole.
Over one lunch hour, we worked our way through pension topics that either crop up regularly in client cases or maybe just leave you scratching your head from time to time. Things like:
- Transitional tax-free cash, lump sum allowances and lump sum death benefit allowances
- Taking tax-free cash after 75 and the implications
- Taking protected tax-free cash and moving into drawdown
- How defined benefit pensions work
- Guaranteed annuity rates, guaranteed cash sums and other features of older-style contracts
What can you expect to take away?
Watch or listen now to brush up on your pension knowledge. And don’t forget to follow the link below to download your certificate for CPD.
The rules are changing and from April 2027 and unspent pension pots will fall within the scope of inheritance tax. Draft legislation is now published, and there’s plenty for paraplanners to get to grips with.
This Assembly looks at how we got here, and where we need to go with less than nine months to go. We looked at what the May 2026 HMRC technical note and draft legislation actually confirmed, what it means in practice, and, what it means for the planning advice paraplanners are helping to shape right now.
On 1 July 2026, host Richard Allum was joined by guest Mark Devlin, Senior Technical Manager at M&G, to practically address some of the trickier questions the changes raise.
Together, they covered:
- The background: how we got here, and what the consultation process did and didn’t address
- Discretionary vs directed schemes: a refresher on the distinction and why it matters for IHT treatment
- How the new process will work in practice, including the role of personal representatives
- Planning implications: is it still worth funding a pension, and at what level?
- Balancing pension use for retirement income against IHT exposure, and keeping an eye on taxable funds for beneficiaries
- A common income tax misconception, and why some recent press coverage has muddied the water
What can you expect to take away?
At the end of this Assembly, you’ll have a better understanding of the confirmed changes, a better grasp of the planning considerations that flow from them, and some practical frameworks to bring to your paraplanning work, whether you’re reviewing existing pension strategies or helping to shape new ones.
We got together online at 1pm on Wed 17 June 2026 for The Self-Assembly Paraplanning Show.
Why ‘Self-Assembly’? Because host Sam Tonks and guests Alan Gow, Jackie Manning and Kimberley Malin started out with four talking points to cover in one lunch-hour. The topics were
– how the paraplanning year has gone so far
– what’s coming up for paraplanners
– what could be a thing but isn’t yet, and
– what events and resources they’re recommending right now
The result is a wide-ranging conversation that takes in mixed feelings about AI (it’s handy for handover emails, but when it’s confidently wrong..?), chat about rising role of annuities and gifting from excess income, plus questions about the decline of cash, what advice might look like in the future if so-called ‘finfluencers’ are allowed to continue to ‘finfluence’.
Fancy tuning in? Then watch or listen now