Advisers sceptical of ongoing DB transfer advice profitability

Advisers to do less DB business

"[Advisers] should also consider the read across to other areas of advice, such as pension switching, especially around workplace pension scheme availability" - Prudential's Les Cameron.
"[Advisers] should also consider the read across to other areas of advice, such as pension switching, especially around workplace pension scheme availability" - Prudential's Les Cameron.
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Nearly two thirds of advisers do not believe defined benefit (DB) transfer advice will be profitable going forward, a Prudential survey of more than 1,000 advisers has found.

Prudential polled more than 1,000 advisers just days after the Financial Conduct Authority's (FCA) latest policy statement on DB transfers was released, which saw the banning of contingent charging on...

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