Selectapension has seen increased demand for its paid transfer value analysis (TVAS) service since providers began pulling out of the market after the Financial Conduct Authority said a free TVAS constituted an inducement.
Selectapension offers two TVAS services; advisers can either pay per report, costing them £200 plus VAT, in which Selectapension does the report for them, or pay a licensing fee where advisers can pay a subscription for access to a set of tools that will enable them to create their own TVAS reports. The provider has offered the licensing service since its inception some 14 years ago, and began offering paid-for reports around eight years later. National accounts director Peter Bradshaw (pictured) said the firm has already seen a spike in demand since providers began pulling out of the...
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