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

London's millionaire exodus: Advisers will 'undeniably' see wealthy clients move abroad

London's millionaire exodus: Advisers will 'undeniably' see wealthy clients move abroad

Labour's budget ‘main reason' for latest UK exits

Isabel Baxter
clock 17 April 2025 • 6 min read
UK inflation drops to 2.6% in March amid warnings of further price rises

UK inflation drops to 2.6% in March amid warnings of further price rises

Down two percentage points

Sorin Dojan
clock 16 April 2025 • 2 min read
Rewriting the rules of engagement: Innovating for the future of wealth and financial advice

Rewriting the rules of engagement: Innovating for the future of wealth and financial advice

‘Hyper-personalisation and fintech disruptors are reshaping financial advice’

Sneha Shah
clock 15 April 2025 • 3 min read