Transfers from defined benefit pensions are extremely topical at the moment and there is already considerable debate within our profession about whether a transfer is or is not the right thing to advise.
It is a bit of a minefield and I would not blame anyone for not getting involved in providing transfer advice. The recent Financial Conduct Authority consultation paper was welcome news from the regulator and gave some clarity about whether critical yield is still a relevant measure or not. But putting that aside if I may, if the advice is done well then for next generation planners […]
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