Tideway aims final salary transfer service at advisers

Demand for transfers out of DB pension schemes has increased following the introduction of pension freedom as the reforms apply only to DC savers. However, the process is complicated and this prevents some advisers from conducting this type of business. It can raise suitability issues and requires specific regulatory permissions. In addition, many advisers have concerns around the process being a compliance risk which may increase the cost of professional indemnity insurance cover.  The Tideway service aims to help advisers for whom transfers of this sort are not a core activity by...