Craig Stokes: Advisers have a 'third way' on DB transfer advice

Consider outsourcing

clock • 3 min read

Advice businesses facing the uncomfortable choice of biting the bullet and offering DB pension transfer advice or quitting the market have a third option, writes Craig Stokes - outsourcing to another adviser

The defined benefit (DB) transfer advice market is undoubtedly in a transitional phase. Which way it will go is hard to determine but there are a couple of certainties - those clients who wish to consider transferring their valuable DB pension need good-quality, specialist advice and they need fully to understand what they are giving up. While naturally wanting to meet the needs of their clients, many financial advisers have tried to introduce an in-house advice process for DB transfers. Some have done so successfully but others have struggled with the complexities involved in providing ...

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 Retirement

Retirement confidence dips amid Budget speculation

Retirement confidence dips amid Budget speculation

Confidence is highest among those receiving professional financial advice

Jenna Brown
clock 12 November 2025 • 2 min read
The Great Wealth Transfer: women, wealth and what comes next

The Great Wealth Transfer: women, wealth and what comes next

Sponsored content from WIFA 2025 headline sponsor LV=

LV=
clock 03 November 2025 • 6 min read
Partner Insight: The psychology of retirement

Partner Insight: The psychology of retirement

Bridging the advisers-clients gap: How emotional intelligence can help build deeper trust with clients and better understand their financial goals

James Woodfall, Raise Your El.
clock 15 September 2025 • 1 min read