Nick Bladen highlights the issues advisers must consider when recommending pension transfers for clients
Advisers can add significant value to a client's retirement planning by providing advice on pension transfers. Currently there are around 69,000 pension schemes in the UK, holding total assets well in excess of £1,000 billion with millions of members needing advice. Essentially, advising on whether or not a client transfers out of their DB scheme should be approached using the same principles employed when considering any kind of financial planning solution. The key question of suitability remains paramount and so the client's situation will be assessed, their attitude to investment risk ...
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