Retirement planning firm Intelligent Pensions has launched a pension transfer service for advisers wanting to help their clients transfer out of defined benefit (DB) schemes.
The service allows advisers to outsource transfers for which they would otherwise need a specialist qualification. The Financial Conduct Authority has proposed all transfers from 'safeguarded' to 'flexible' pensions are carried out - or checked - by advisers with the pension transfer specialist qualification. Previously, an adviser did not require this qualification if the client intended to crystallise benefits, but it is set to be extended to all transfer activity. Intelligent Pensions will offer advisers the option to stay in charge of their client's new retirement plan or to hand ...
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