Old Mutual Wealth (OMW) has partnered with the Chartered Insurance Institute (CII) to launch a defined benefit (DB) pension transfer training programme, in response to the more rigorous rules proposed by the regulator.
The programme consists of a series of training events aimed at pension transfer specialists, starting from 2 October. It will cover best practice steps, intended to help advisers manage the risks that come with advising in this area and to ensure a more robust DB to defined contribution (DC) transfer process. OMW said it decided to set up the programme with the CII in response to recent growth in the market and the subsequent increased regulatory demands on advisers. The firm had seen the number of transfer evaluation queries double since last August in line with an industry-wide t...
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