Remove 'all or nothing' aspect of DB transfer advice - Standard Life

The pension provider said making a partial transfer a mandatory requirement would ensure consumers had greater flexibility in what they did with their retirement income and enable advisers to tailor their advice to deliver a better outcome for clients. "Rather than the ‘all or nothing' approach of full transfer or no transfer, a partial transfer could be the best option in many instances," Standard Life argued. According to head of financial planning propositions Alastair Black, the DB to defined contribution (DC) transfer conversation "isn't going away" and did noyt have to be "all o...