PI insurer zones in on DB transfers with lengthy questionnaire

DB transfers 'flavour of the month'

Hannah Godfrey
clock • 2 min read

Professional Indemnity (PI) insurers are keeping a close eye on financial advisers undertaking defined benefit (DB) transfers by asking them to complete a supplementary questionnaire as part of their renewal process.

The PI market has been questioning advisers extensively on their pension transfer business. Informed Choice managing director and Chartered financial planner Martin Bamford received a supplementary questionnaire on DB transfers from his insurer Markel International when renewing his PI insurance.   The questionnaire asked for details of each transfer case since pension freedoms in April 2015, including the risk level of the client and reasons for recommending a transfer. Bamford was also asked to provide information about the number of cases where Informed Choice recommended a clie...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Advisers' Budget 2026 wish lists – 'this is a scary one'

Advisers' Budget 2026 wish lists – 'this is a scary one'

First under Burnham and Healey

clock 18 September 2026 • 3 min read
Most client meetings happen without one of the advised couple present

Most client meetings happen without one of the advised couple present

More than half of clients said they hold the adviser relationship in their name only

Laura Miller
clock 17 September 2026 • 2 min read
Titan Wealth to provide financial education to pro cricketers

Titan Wealth to provide financial education to pro cricketers

Professional sport comes with 'a very different financial journey'

Laura Miller
clock 16 September 2026 • 2 min read