Who says we don't get to discuss sexy topics in the financial services industry? Oh. OK, never mind.
Here at the lang cat we get enthusiastic about topics that to the unenlightened might, at first glance, trigger a sudden need to be elsewhere.
Pension switching is one of these.
We are all about getting this stuff out in the open and giving it a good airing. Anything that turns down the volume on complification and up on client outcome is good and the best way to get there is to talk about it.
So when we were approached to canvass the opinions of advisers, paraplanners and other fine industry professionals on the subjects of pension switching and platform re-registration, we were all over it.
An increasing amount of pension saving is being made on platform (no news there). While there have been great steps forward to increase the portability of assets between platforms and between SIPPs (both separately and together), it can still be a fairly clunky and, in our view, complex process.
But, and it pains us to say this, what we think doesn't really matter. It's the views of industry professionals who deal with this on a daily basis and actually know what they're talking about that does:
• What exactly is involved in switching a SIPP and in-specie re-registration of platform assets?
• What does that mean in terms of effort? And cost?
• Is there a risk of SIPPs being left in-situ when they'd be better moving due to the cost of the pension switching review process?
• How much time does automation really save?
So, here's the call to action - a meaningful result for our research (proper insight and all that) requires lots of responses. And that's where you come in.
We want your opinions on this, and your colleagues' and anyone else in the industry you'd care to pass it onto. Need an opening line for that handsome/ pretty male/ female you see in the coffee queue each morning? Here you are - be sure to send us a slice of wedding cake.
While the lang cat is carrying out this research on behalf of a client, we think it's a little harsh to ask for your views and not give anything back, so we'll be talking about the results right here in IFAonline.co.uk and in Professional Adviser in the not too distant future.
We know you're busy people so we've made sure that completing the questionnaire takes no more than ten minutes (and you can probably fit in a quick coffee and a few sideways glances at Twitter while you're about it).
Just in case you're not already skipping ahead to the link, we'll make a donation to the financial education charity PFEG (Personal Finance Education Group) for every questionnaire completed.
If you're up for helping us out, click HERE.
We will be your friend...
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