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...
Lane Clark & Peacock partner Steve Webb has called on the treasury to relax rules which could act as a barrier to people aiming to rebuild their pension pots when the Covid-19 crisis is over.
Market volatility means inaccurate CETVs
Nearly £1m lost already
Break in contributions not ruled out
Adds £60m of assets
Up to £2,500 a month