Kim North: Why advisers should be considering DB transfer opportunities

With the current need for anyone with more than £30,000 in their defined benefit (DB) scheme to receive regulated advice from a financial adviser, the opportunities for advisers are phenomenal - particularly when you consider private sector scheme assets are at about £1.5 trillion and the local government scheme £233bn. So while many financial advisers I speak to are not offering DB transfer services as a consequence of the compliance risk and expensive of PI insurance, for those advisers who have squared the circle on both these issues the transfer market offers potential. More progr...