Justin Corliss: Making the case for partial DB transfers

The regulator's policy statement PS20/6 introduced a number of changes to the provision of defined benefit (DB) pension transfer advice, the vast majority of which came into force on 1 October 2020. These changes, along with escalating difficulty in securing professional indemnity (PI) cover for this type of business, could see advisers exit this market resulting in the supply of advice being unable to meet the level of demand. Perhaps an increase in the availability of partial transfers could help. In July 2019 we undertook research with 535 people working in financial advice firms t...