Defined Benefit  

FCA heats up DB pensions advice debate

  • To learn the most important points about DB transfers from the recent FCA paper
  • To understand the implications about giving advice to clients on DB transfers
  • To learn about the future of financial advice on DB transfers
CPD
Approx.30min

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The FCA must look towards suitable outcomes for both parties and develop a regime that creates trust and understanding to benefit them both. This could be a chance to widen the appreciation of good financial advice.

Mike Morrison is head of platform technical at AJ Bell

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CPD
Approx.30min

Please answer the six multiple choice questions below in order to bank your CPD. Multiple attempts are available until all questions are correctly answered.

  1. According to Mike Morrison, insistent clients are still possible under the new DB transfer proposals, true or false?

  2. According to Mike Morrison, the FCA is radical on the proposal for a personal recommendation, true or false?

  3. According to Mike Morrison, why is the FCA introducing the concept of a 'transfer value comparator'?

  4. Why has Mike Morrison hoped for the removal of the regulatory assumption that all transfers are unsuitable?

  5. Why does Mike Morrison not approve of the enforced transaction with a financial adviser?

  6. What impact will the consultation have on the advice market?

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You have successfully answered all the questions correctly, well done!

You should now know…

  • To learn the most important points about DB transfers from the recent FCA paper
  • To understand the implications about giving advice to clients on DB transfers
  • To learn about the future of financial advice on DB transfers

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