Wednesday, 07 January 2015 10:41
Prominent US Financial Planner is key speaker at UK conference
A prominent American Financial Planner will be one of the keynote speakers at a conference about retirement, a month ahead of the pension reforms kicking in.
Michael Kitces is coming to London to speak about pensions flexibility and the experience of dealing with similar rules in the USA.
London IFP branch co-chairman Abraham Okusanya CFPCM is behind the event, which takes place on 3 March.
The conference aims to give advisers practical insights and tools as they set about getting to grips with the changing pension system.
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Mr Okusanya, an Accredited Paraplanner and founder and director of FinalytiQ, said: "While pension freedom is a new concept in the UK, retirees in the US have had virtually unrestricted access to their retirement fund for many years.
"That's why I'm particularly thrilled to welcome prominent US based Financial Planner Michael Kitces as one of the keynote speakers at this conference to share his experience from across the pond."
Certified Financial Planner Mr Kitces, publisher of the Financial Planning industry blog Nerd's Eye View, is a partner and the director of research for Pinnacle Advisory Group, a private wealth management firm located in Maryland that oversees more than $1.3 billion of client assets.
Mr Okusanya said: "The new pension freedom represents the biggest changes to pensions in nearly 100 years, and present new challenges to advisers in generating and sustaining clients' retirement income.
"With most restrictions to pension access out the window, advisers are expected to guide clients through the plethora of options and mitigate chances of clients running out of money.
"The conference aims to give advisers practical insights and tools to navigate the uncertainties that face their clients in retirement.
"With leading experts drawn from the UK and the US, this CPD accredited conference will demonstrate how latest research on safe withdrawal rates and stochastic modelling tools enables advisers to model retirement income options, demonstrate suitability and deliver better client outcomes in retirement planning."
He added: "I've been banging on for some time about sequencing risk, volatility drag and pound cost 'ravaging' in retirement portfolios, and why I believe we need better ways to model potential Financial Planning outcomes. This event is my attempt do something about it."
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Michael Kitces is coming to London to speak about pensions flexibility and the experience of dealing with similar rules in the USA.
London IFP branch co-chairman Abraham Okusanya CFPCM is behind the event, which takes place on 3 March.
The conference aims to give advisers practical insights and tools as they set about getting to grips with the changing pension system.
{desktop}{/desktop}{mobile}{/mobile}
Mr Okusanya, an Accredited Paraplanner and founder and director of FinalytiQ, said: "While pension freedom is a new concept in the UK, retirees in the US have had virtually unrestricted access to their retirement fund for many years.
"That's why I'm particularly thrilled to welcome prominent US based Financial Planner Michael Kitces as one of the keynote speakers at this conference to share his experience from across the pond."
Certified Financial Planner Mr Kitces, publisher of the Financial Planning industry blog Nerd's Eye View, is a partner and the director of research for Pinnacle Advisory Group, a private wealth management firm located in Maryland that oversees more than $1.3 billion of client assets.
Mr Okusanya said: "The new pension freedom represents the biggest changes to pensions in nearly 100 years, and present new challenges to advisers in generating and sustaining clients' retirement income.
"With most restrictions to pension access out the window, advisers are expected to guide clients through the plethora of options and mitigate chances of clients running out of money.
"The conference aims to give advisers practical insights and tools to navigate the uncertainties that face their clients in retirement.
"With leading experts drawn from the UK and the US, this CPD accredited conference will demonstrate how latest research on safe withdrawal rates and stochastic modelling tools enables advisers to model retirement income options, demonstrate suitability and deliver better client outcomes in retirement planning."
He added: "I've been banging on for some time about sequencing risk, volatility drag and pound cost 'ravaging' in retirement portfolios, and why I believe we need better ways to model potential Financial Planning outcomes. This event is my attempt do something about it."
Get FREE daily news summaries direct to your inbox. Sign up on the homepage now.
Follow us on Twitter and get frequent news alerts @FPM_online.
Or follow Editor Kevin O'Donnell - @FPM_Kevin or staff writer James Nadal - @FPM_James.
For the latest Sipp, SSAS and retirement news visit our sister news site www.sippsprofessional.co.uk and on Twitter @SippsPro.
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