Novia launches pension transfer value analysis system

The tool enables investors to compare pension benefits in defined benefit schemes and was launched, said Novia, to help advisers meet regulatory requirements around transfers into private pensions. The service is free for advisers and can only be used for the Novia SIPP. It was externally reviewed by financial services technology provider Dunstan Thomas. It allows advisers to perform a detailed analysis before recommending a transfer from a defined benefits scheme to a personal pension such as the Novia SIPP. Novia commercial director Shaun Allwright (pictured) said initial adviser fe...