Choosing a drawdown provider: Your due diligence checklist

Choosing a drawdown provider: Your due diligence checklist

clock

There are a number of areas to look at that will help you determine which providers will fit all your clients' needs. Claire Trott, head of technical support at Talbot and Muir, explains

The third thematic review of SIPP operators is well underway and we await publication of the findings to see how the Financial Conduct Authority views providers in comparison to the Financial Services Authority's previous view. There is unlikely to be a definitive answer and, although there will be fallout and some providers may no longer want to or be able to operate in this space, there will still be significant choice. One provider is unlikely to suit all your clients' needs and, therefore, a panelling process is a good way to ensure you have the choice without needing to look at e...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Advisers have crucial role to play in boosting pension awareness

Advisers have crucial role to play in boosting pension awareness

Plenty of would-be savers have switched off from pensions

Ahmed Bawa
clock 26 September 2024 • 4 min read
FCA stats reveal hike in people accessing pensions without advice

FCA stats reveal hike in people accessing pensions without advice

About 30% of savers took regulated advice before accessing their pot

Jenna Brown
clock 26 September 2024 • 2 min read
Scheme pays: Everything advisers need to know

Scheme pays: Everything advisers need to know

Annual allowance ‘scheme pays’ – dates for your calendar

Martin Jones
clock 24 September 2024 • 3 min read