A DB transfer could well be the riskiest piece of regulated advice an adviser can give these days so, argues Andy Davies, it makes sense to support that advice by targeting the very return on which it hinges
The sheer number of column inches covering the world of defined benefit (DB) pension transfers highlights just how important the subject is to advisers and their clients - and if the recent conversations I have had with advisers are representative, it is an issue which really polarises people. The market in its current state is subject to what you might describe as a ‘perfect storm' - with pension freedom, vastly inflated transfer values and trustees looking to get rid of liabilities all contributing to a massive rise in the demand for advice. I have seen reports indicating 1,800 adviser...
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