OMW launches mid-priced TVA service after FCA inducement concerns

Double the price of Novia tool

Hannah Godfrey
clock • 2 min read

Old Mutual Wealth (OMW) is to launch a transfer value analysis (TVA) service with a mid-market price-tag, having "paused" its free offering in the wake of the FCA's concerns relating to inducements.

The service, which will be available from 14 May, will now cost £150 per report - plus VAT - which OMW said covered the cost of the technical expertise of the TVA service team, the software and the production of the report. The service is double the price of Novia's, which charges advisers £75 to use its TVA service tool, and £50 cheaper than Selectapension's offering.  OMW "paused" its free TVA service in March after a policy statement from the FCA suggested such offerings could be considered an inducement if offered free of charge.   The firm said the service has been refined to ...

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