Seismic shifts in DB transfers: Understanding the new landscape
In this webinar, we examined the significant developments surrounding Defined Benefit (DB) Pension Scheme transfers.
Transfer value amounts have broadly halved in many cases. The number of financial advisers has plummeted, their costs have rocketed whilst they have become more cautious, the anti-scam regulations are frustrating members and take-up rates are at post pension freedom lows – could this be the end for DB transfers?
Watch our webinar for a comprehensive discussion on these pivotal issues, providing valuable insights and our views on how this market might develop and how some schemes are helping their members get advice. We also presented a summary of our survey of the main IFAs operating in the scheme appointment market. Key take-aways for this webinar include:
- Review your member communications to help mitigate risk as this market develops quickly
- Review scheme benefit options and terms to ensure sensible from member perspective and reduce risk
- Review scheme appointed IFA / consider whether to appoint an IFA.
