The format
This course has moved to an online format which brings together a number of contributors from inside and outside the University facilitated by OCSLD.
Key financial planning elements of the course will be delivered by an external business finance specialists Close Brothers.
To make the course manageable for participants it has been broken down into 3 live workshops (using Zoom) followed by access to the Close Brothers Virtual Retirement Services which will include recorded sessions which featured in our face to face edition.
The programme is supported by our own web-based Transition into Retirement support package providing a wide range of internal and external information to aid retirement planning.
The course outline
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Pre-session checks: email guidance on how to obtain your latest personal pension statements and government state pension entitlements.
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Pre-session video: Adjusting to retirement, making the most of it (Close Brothers)
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Week 1: Welcome, overviews and preparing for transition
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2½ hour session (with break) on Zoom
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Welcome, course overview and preparations for weeks 2 and 3
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HR processes Q&A (with HR team) covers retirement resignation procedure, flexible working policy, requests to change hours of work and patterns of work
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Your Health & Wellbeing (OCSLD) looking at physical and mental wellbeing through the lens of transition
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Making the most of it (OCSLD) explores building your networks, considering further roles (paid and unpaid work), Leisure, hobbies and interests, how to spend your extra time.
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Week 2: The Brookes Pensions Schemes
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2½ hour session (with break) on Zoom. Participants are split into two groups
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Group 1: LGPS (Pension Services, Oxfordshire County Council)
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Group 2: Teachers Pension TPS (OBU Pensions manager)
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Note: USS pension holders will be invited to discuss their pension with the OBU Pensions Manager at an alternative time)
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Week 3: Financial planning for retirement (Financial Consultant, Close Brothers)
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2½ hour session (with break) on Zoom.
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Making good pension choices
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Key financial planning principles
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The world of investments
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Understanding risk
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New pension freedoms
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Your financial plan
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General tax planning – Income tax, Capital Gains tax and Inheritance tax
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How and where to seek advice
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Follow-on units: (Close Brothers Virtual Retirement Services) Participants will have access to the Close Brothers Virtual Retirement Services which will include recorded sessions on various topics including
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State benefits: The new state pension explained, claiming your State Pension whilst abroad, winter fuel allowance, attendance allowance and other benefits
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Will planning: The importance of making and reviewing your will, lasting powers of attorney, protection considerations.