Is it time to review the risks of DB transfer advice?

It’s The Pro Adviser Podcast

Hannah Godfrey
clock • 1 min read

On this episode of The Pro Adviser Podcast, Hannah Godfrey talks to Phil Young, managing director of Sense Network and founder of business support firm Zero Support, about the FCA's handling of the Covid-19 crisis and whether it is time to review the risks of DB transfer advice.

Young insists he is "not really" a "regulation man" when the subject of the Financial Conduct Authority's (FCA) handling of Covid-19 comes up on the podcast this week but, regardless, the businessman and managing director has some interesting thoughts to impart about defined benefit (DB) transfers. Though still early days, Young says he has not seen evidence so far to suggest advice on DB transfers will lead to a flood of claims and instead suggests the FCA would do well to review the level of risk in the sector compared with "hypotheticals". Young believes most advisers in the sector...

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

Andrew Goodwin: It's time for advisers to think differently about innovation

Andrew Goodwin: It's time for advisers to think differently about innovation

'Ours is still a profession that rightly places enormous emphasis on the human touch, relationships and trust'

Andrew Goodwin
clock 04 July 2025 • 4 min read
Altus' Holford urges advisers to reframe concept of advice gap

Altus' Holford urges advisers to reframe concept of advice gap

Traditional models of value, service and delivery are being challenged

Sahar Nazir
clock 04 July 2025 • 2 min read
PA Asks: Do you keep in touch with clients when on holiday?

PA Asks: Do you keep in touch with clients when on holiday?

Plus, targeted support worries and BDMs

Professional Adviser
clock 04 July 2025 • 1 min read