Paraplanners have an essential role in helping advisers develop and deliver suitable advice to clients. They work closely with financial advisers and qualified Pension Transfer Specialists. This session will reference Policy Statement 20/6 but, it’s main focus will be looking more closely at client outcomes within Guidance Consultation 20/1, highlighting examples of Good and Poor Practice, as identified by the FCA. Finally, it will seek to highlight some areas where there may be lessons to learn from DB transfer advice, when advising clients generally on how to access their pensions more broadly.
Learning Objectives:
To:
• Understand the FCA’s latest position on DB transfer advice
• Identify what constitutes good and bad practice and the evidence needed to support the right outcome
• Identify some lessons learned from DB transfers and their relevance to retirement income advice