Passing on your wealth to the next generation should not just focus on shielding it from tax. Although tax planning is an important consideration, teaching your children about how to manage and invest their own money responsibly could be much more valuable in the long run. Designed with parents and adult children in mind, we will reveal the secrets of successful money management (the power of compounding, diversification, starting saving young, making the most of tax advantages) and discuss the tax advantages for parents who want to help their child with a 'living legacy' to buy a house, start a pension or make regular savings through the new Lifetime Isa.
Merryn Somerset Webb on Inheritance Tax
Passing on wealth to the next generation
Merryn Somerset Webb
Seven Investment Management
In association with
Agenda - 19th Jun
6:30pmDrinks and Canapé Reception
Claer Barrett, Personal Finance Editor, Financial Times
• Passing on wealth to the next generation – what are the questions you should ask?
• What should you teach your children about investment and how to encourage the rightdisciplines from the start?• What are the most tax-efficient ways to save for the next generation?
• How to reduce the risk that an inheritance will make children too rich, too fast
• Strategies for reducing inheritance tax bills
• The £1m inheritance tax break – how to make use of the new family home allowance
David Carroll, Head of Strategy, Seven Investment Management
Vanessa Houlder, Journalist, Financial Times
Merryn Somerset Webb, Columnist, Financial Times; Editor-in-Chief, MoneyWeek
Moderated by Claer Barrett, Personal Finance Editor, Financial Times
8:30pmClose and Drinks Reception
Merryn Somerset Webb
Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She then went on to work at SBC and UBS.
After five years in Japan she returned to work in the UK at Paribas, which soon became BNP Paribas. On leaving the City, Ms Somerset Webb helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000.
Sixteen years on, MoneyWeek is the best-selling financial magazine in the UK and Ms Somerset Webb remains as its Editor-in-Chief. She also has a weekly column in the FT and a monthly column in Saga. She is a regular TV/radio commentator and speaker on financial matters and contributes to various publications.
Ms Somerset Webb is a trustee of the Daiwa Anglo Japanese Foundation and is a director of two investment trusts – the Baillie Gifford Shin Nippon Trust and the Montanaro European Smaller Companies Trust.
She has a first class degree in history and economics from Gonville and Caius College, Cambridge, and was recently awarded an honorary doctorate in business administration from BBP University. She took and passed (with distinction) the Private Client Investment and Investment Management exam (which qualifies her to Level 6) in 2013.
David Carroll is Head of Strategy at Seven Investment Management (7IM). He has over 25 years’ private client investment management experience and was responsible for establishing the relationship management team at 7IM. Mr Carroll continues to manage significant client relationships and is one of the management representatives on the 7IM Asset Allocation Committee.
Vanessa Houlder is a Lex Writer at the Financial Times. She has worked for the FT for nearly 30 years covering business, the property industry, technology, science, taxation, management, environment and economics. In 2004, she started to specialise in tax policy, covering its impact on individuals and companies in Britain and across the world. She regularly takes part in discussions about the subject at conferences and on TV and radio. Ms Houlder has a post-graduate diploma in journalism and a degree in natural sciences.
Chaired by (1)
Claer Barrett is the Financial Times' Personal Finance Editor as well as the editor of FT Money. She has worked for the FT group for over a decade, joining the Investors Chronicle magazine as the financial crisis took hold, specialising in property and buy-to-let investment. She became the FT's retail correspondent in 2011, then served as deputy UK news editor before being appointed to her current role. Her weekly Serious Money column won the Headline Money commentator of the year award in 2016 and 2017. A frequent contributor to TV and radio debates on personal finance and investing, she is an expert on the BBC1 series Right on the Money.
Standard ticket: £30
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Please note: The information provided in this forum does not constitute investment advice. Topics discussed during the event are for general information only and are not intended to be relied upon by individuals in making (or refraining from making) any specific investment decision. Appropriate independent advice should be obtained before making any such decision. The Financial Times Limited does not accept any liability for any loss suffered by any attendee as a result of any such decision.
Presented by (1)
In association with (1)
We’re Seven Investment Management (www.7IM.co.uk), a business that helps individuals and their families manage their capital to meet their financial needs and aspirations.
We’re independently minded and we set up our business to do things the way we think they ought to be done. We invest in our own portfolios, so our family money is in the same place as yours. We now look after around £11bn of clients’ money, as well as our own. We keep our promises, make things clear and simple, fix what’s wrong, do the right thing and the very, very best job we can. We call it radical common sense.
We’ve been around for 15 years, which means we’ve probably seen the best and worst the world can throw at us. Yet we’ve still delivered an investment performance consistent with what we’ve promised our clients we would try to do.