Advisers face a harder workload as they must now give 'even more' advice when handling defined benef...
Advisers face a harder workload as they must now give 'even more' advice when handling defined benefit (DB) transfers, according to Scottish Equitable's director of pensions development Stewart Ritchie. In his latest "Ritchie Paper", he warns advisers working in the transfer market of the additional responsibilities they now face, and identifies new advice issues advisers should embrace when dealing with DB transfers. Advisers should no longer only observe existing FSA transfer value analysis requirements, but should also evaluate the security of scheme benefits, he says. ...
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