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

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 ...