The FCA has issued two unambiguously titled pension alerts that are essential reading for advisers that provide advice on pension transfers.
We will not summarise the documents here as they are concise, self-explanatory and very relevant. Follow the links below to read the alerts.
‘Advising on pension transfers – our expectations’ is aimed directly at advisory firms.
‘Pension scheme operators are at risk from smarter scams’ will also be of interest to advisers.
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These alerts are essential reading for every firm and adviser involved with Pension Transfer advice.
Clients should not transfer unless that is in their best interests. The impact of initial and ongoing charges is one of the key factors that must be considered.
What should Principal Firms do in relation to ARs?
It is not enough for advice to be provided – it has to be understood.
9 December is approaching fast – are you ready for SM&CR?
SM&CR forms
Alistair MacDougall Compliance FCA, SM&CR, Update
Are you aware of all the forms associated with the SM&CR?