Paul Dyer, former FCA deputy chief risk officer: The failings I've seen in DB transfers

10 common advice errors

clock • 6 min read

Good financial planning can have life-changing repercussions but the levels of unsuitable defined benefit transfer advice has been alarming, writes Paul Dyer. Here, he looks through common failings he's seen and offers up considerations for advisers...

To my mind, financial planning is one of those things that people can easily shy away from, driven by perceived complexity or a mis-trust of others with personal finance affairs.  This is a travesty, as financial planning can have life-changing repercussions. At no point is this more clear than in retirement planning. A good financial adviser can help you put plans together, using their knowledge to identify objectives, constraints and opportunities.  Fundamentally, they can help support the delivery of your life goals. The April 2015 Budget saw the most radical changes to private ...

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

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
Managing drawdown risk: A new frontier in retirement planning

Managing drawdown risk: A new frontier in retirement planning

'Volatility alone is no longer a sufficient risk measure'

Matthew Wright
clock 29 August 2025 • 4 min read
Sounding the alarm: Facing the retirement reality check

Sounding the alarm: Facing the retirement reality check

'At the heart of the issue is a worrying lack of engagement'

Laith Khalaf
clock 17 June 2025 • 3 min read