Gary Kershaw answers some of the most frequent questions SimplyBiz receives about the defined benefit (DB) transfer market…
The DB pension transfer market seems to be in a situation where consumer demand is increasing but the number of advisers able - and willing - to conduct this type of business is shrinking. So, how do you think we've reached this point? Not wishing to disagree immediately, but there probably isn't a lot of evidence of increased consumer demand. What we do have, however, is very clear evidence that the supply of advice in this sector is diminishing fast, and this can therefore give the appearance that demand is on the increase. There has been quite a lot of information released by the F...
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