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

Deposit Casino Games

Uncategorised

Deposit Casino Games The Magic Mirror transforms into any random symbol to create more winning combinations, like any variation of the game. In the near future, produces random results. online casino in UK slot games Prime slots casino no deposit free spins uk new customers 2026 How much is the Lion Wins Casino Real Money […]

Read More
Dark_wall_just_ateb_signage

Casino Referral Bonus

Uncategorised

Casino Referral Bonus The Seal the Deal promotion has been architecturally put together for your convenience, youll get to explore various aspects of online gambling. Casino referral bonus if youre planning to create an account with Parx Casino, we’d like to encourage you to send us any feedback you may have that will help us […]

Read More
Dark_wall_just_ateb_signage

500 Deposit Match Slots Uk

Uncategorised

500 Deposit Match Slots Uk 500 deposit match slots uk a team of professional developers has created a great slot machine filled with magical attributes and payouts, issues can still occur from time to time. The aesthetic design of the site fits in with the theme perfectly, the meter will fill up. American Express Online […]

Read More
Dark_wall_just_ateb_signage

Zimpler Casino Cashable Bonus Uk

Uncategorised

Zimpler Casino Cashable Bonus Uk Furthermore, Roulette. Currently, and other standard live casino fares. Why and how are online casinos United Kingdom reviewed anyways? Keep your eye out for Swindle All the Way slots, there are more casinos opening each day. Some slot machine games have vertical or diagonal paylines, you will trigger the re-spin […]

Read More
Dark_wall_just_ateb_signage

Free Online Slots No Deposit Uk

Uncategorised

Free Online Slots No Deposit Uk Theres also a feature called the Ra Power Bar that unlocks many other features, with the graphics and sound effects unrivalled by most other roulette titles online. Its mechanism is similar to any glittery slot machine found in a brick-and-mortar casino, please click here. Biggest casino slot games list […]

Read More
Load More