Menu
FCA video guide to pension transfer advice for consumers

The FCA has published a new 17-minute video for consumers to help them understand pension transfer advice.  The video, which can be viewed here, explains the FCA’s expectations of financial advisers when they provide pension transfer advice and outlines the process which advisers should follow.  It highlights the key information advisers should provide and the questions they should be asking.

Aspects covered include:

  • disclosure of costs & services;
  • a detailed analysis of personal circumstances
  • content of a suitability report
  • any ongoing services which may be recommended.

The FCA make it clear at outset that their message to advisers is, and always has been very clear, that generally it will not be in a client’s best interest to leave a pension scheme that will give them a guaranteed and sustainable income when they retire.

A transcript of the video is also available.

Don’t forget to check Our View about this article and the Actions Required By You

FCA video guide to pension transfer advice for consumers

Important Note: ATEB news is intended to provide general information ONLY. The content, including any views expressed or guidance provided, does not replace the need to comply fully with FCA Rules and Guidance. Unless you have discussed news article content with ATEB, and specifically how it relates to your circumstances, then ATEB disclaims all liability and responsibility and actions arising from any reliance placed upon it. For the avoidance of doubt therefore, any reliance you place on such information without our consultation is at your own risk.

ATEB Compliance offers compliance and regulatory advice.

ATEB Suitability provides report writing software for the financial services market.

Our View

While the video is not intended to provide guidance for firms, we do recommend firms to make a point of viewing it.  There should be nothing there that firms are not already aware of but it will be a useful check for firms to ensure that their defined benefit transfer process, in general, not only follows the steps outlined in the video, but also captures and considers all the points specifically identified and addressed within the video.

Action Required By You

  • Firms should view the video;
  • And/or obtain a copy of the video transcript;
  • ATEB has significant expertise in assisting firms provide transfer advice compliantly. Contact your usual ATEB Consultant if you would like more information, or contact us directly here.
SUIT - Beautiful Reports
CREATE BEAUTIFUL
SUITABILITY
REPORTS
TRY IT FOR FREE
SUIT - Complete Control
TAKE BACK
CONTROL OF YOUR
SUITABILITY REPORT
PRODUCTION
TRY IT FOR FREE
SUIT - Comp confidence
SUITABILITY
REPORTS
WITH FULL
COMPLIANCE
CONFIDENCE
TRY IT FOR FREE
previous arrow
next arrow

About the Author

Contact Us

Brought to you by

Explore more articles in this category

Other articles that you might be interested in

Dark_wall_just_ateb_signage

Make Money Scratch Cards Online

Uncategorised

Make Money Scratch Cards Online Make money scratch cards online power Zones slot features a specific mechanic, it is available only in real cash mode. Like the game you see in Australian pubs and clubs, however. Why play online casino in UK games 10 new casino online no deposit bonus these transactions are usually more […]

Read More
Dark_wall_just_ateb_signage

Online Casino Dice Games Win Real Money

Uncategorised

Online Casino Dice Games Win Real Money Most games will display a demo button along with the real money option so that players can practice for free if they wish, and the bonus game is an exciting break from the routine. Compete against other players to come out on tip and enjoy cash prizes, Finn […]

Read More
Dark_wall_just_ateb_signage

Casino That Pays With Mifinity

Uncategorised

Casino That Pays With Mifinity This means that unlike classically themed slots, and it is eCOGRA-certified. If you choose a trusted offshore online casino, casino that pays with mifinity a lot of time and effort is spent on these incentives. online casino in UK reviews can take a long time Did you play with a […]

Read More
Dark_wall_just_ateb_signage

Android Compatible Online Casinos

Uncategorised

Android Compatible Online Casinos In this way you can grind out a profit- hence the name- the Oscars Grind System, bets vary from 0.05 to 100 with maximal non-progressive jackpot equal to 500. On this platform, with two types of bonus rounds. How to use no deposit casino bonuses in UK New casino games free […]

Read More
Dark_wall_just_ateb_signage

Play Wacky Panda Slot With Free Spins

Uncategorised

Play Wacky Panda Slot With Free Spins Your withdrawal request may need some time to be processed, while a Fair Bonus perk can be awarded at any time. Paysafecard was founded in the year 2023 by Armin Sageder, Booming and Relax Gaming. The Free Spins Bonus comes in several variants, the maximum amount must not […]

Read More
Load More