Recent guidance around pension transfers brings together some key regulatory and advice principles. To support this, the publication of the Defined Benefit Advice Assessment Tool (DBAAT) provides a basis to help gauge some of the key elements of the planning process. This should address how any benefits foregone could be replaced, including an element of secure income where appropriate. It’s also clear that ongoing advice and planning is as important as the initial advice.
During this session, we’ll look at the opportunities in the retirement and later life advice markets. We’ll consider some of the key challenges, including the regulatory considerations. We will also be joined by Seb Sherburn from HUB Pension Consulting to discuss whether it makes sense for you to outsource certain advice areas to help you support more clients in a way that’s cost-effective for your business.
Learning Objectives:
• Understand the options for providing advice on DB transfers
• Recognise the potential benefits of outsourcing aspects of advice
• Discuss the associated advice services relating to retirement and later life
CPD: 60 minutes