Contact us Help & support New to Fidelity Adviser Solutions? Register Logout

To help get you to the right website, please choose one of the options below

Skip Header
Search
Log out
Menu
Close
Services

Services

Services Overview
About us
Back
About us
Who we are New to Fidelity Adviser Solutions? Awards Register to use our services The depth and breadth of our service Due diligence: choosing the right partner
Model portfolio services
Back
Model portfolio services
Model portfolio services for advisory firms DFM services for advisory firms Model portfolio service for DFMs List of available DFMs
Support services
Back
Support services
Bereavement Adviser fees services Reporting services Back office integration Information only advisers Transferring clients between firms Capital gains reporting Re-registrations and transfers What platforms do - an explanation for your clients IPOs and Placings Supporting vulnerable clients
overview icon Overview
Products & investments

Products & investments

Products & investments Overview
Products
Back
Products
Pension Taking retirement income ISA Investment Accounts Pension Trustee, Company and Trust accounts Cash The Canada Life International Bond Utmost Wealth Solutions − offshore bond products
Investments
Back
Investments
Funds Exchange Traded Products Investment Trusts Shares
overview icon Overview
Sustainable investing

Sustainable investing

Sustainable investing Overview
Adviser support
Back
Adviser support
Sustainable Investment Finder ESG Perspectives Sustainable investing guide for advisers ESG criteria and considerations Ask the expert Webinar: Sustainable investing Sustainable funds quarterly update
Client support
Back
Client support
Advising clients on sustainable investing Sustainable investing glossary
Reports & research
Back
Reports & research
ESG Tracking Study Fidelity and Sustainability
overview icon Overview
News & insights

News & insights

Helping clients with their financial wellness
News & insights Overview
News & Insights
Back
News & Insights
Insights and opinions Fidelity Adviser Solutions press releases Building profitable practices
Back
Building profitable practices
Building profitable practices Overview Helping clients with their financial wellness
Back
Investment Outlook Understanding market volatility Webinar: Surviving retirement
Guidance & advice
Back
Guidance & advice
Financial adviser research Financial adviser best practices Women in financial planning Cybersecurity: keeping your business safe
overview icon Overview
Technical resources

Technical resources

Technical resources Overview
Technical matters
Back
Technical matters
10 must-do tasks for the start of the tax year The lifetime allowance Retirement Income Pension forum Pension, retirement and tax planning Pensions ‘in-depth’: tax relief and annual allowances The beneficiaries flexi-access drawdown conundrum Retirement and pensions training Personal tax and trust planning training Compliance and regulatory matters Using technology to manage regulatory change
More support
Back
More support
Consumer Duty Tax and Trust planning Paraplanner technical hub Literature library Request printed literature Help and support
overview icon Overview

Beneficiary flexi-access drawdown

BFAD allows individuals to pass on pension benefits in a manner where the beneficiaries have immediate access to the funds after death, while retaining some of the main advantages of being within a pension arrangement. This includes tax-free growth and favourable IHT treatment.

The BFAD conundrum

Many in the industry argue the changes to the death benefit tax rules applying to money purchase arrangements were amongst the most significant brought about by the 2015 pension freedoms. Fundamental to the new tax rules for death benefits was the introduction of beneficiary flexi-access drawdown (BFAD).

Read more

Adviser support package

A host of information is available in your adviser support package.

  • A guide to pension death benefit options which provides a simple analysis of the underlying law and the evaluation to follow for each beneficiary
  • Two professional guides related to money purchase and defined benefit schemes
  • A client-friendly summary explaining the importance of completing an expression of wish.

Take a look at your support package

Related content

The Pension Forum

Paul Squirrell, our pension expert, clarifies the rules relating to some specific areas of retirement planning.

Take a look

Bereavement and planning ahead

Here you’ll find all the information you need in relation to administering an account following the death of a client.

More information

© FIL Limited 2023