Pension Transfers

One area which remains very much at the forefront of the mind of the FCA, the press, clients and advisers; is defined benefit pension transfers.

Defined benefit (DB) pension transfers have never been a simple business area, and the Policy Statement from the regulator which implements a ban on contingent charging from 1/10/2020, amongst other rule changes, does nothing to make it any less complex.

How we’re helping firms

If you're advising in this area, you need to ensure you have access to high quality regulatory support. At SimplyBiz, we work with firms to develop robust processes and procedures to mitigate the compliance risk involved in transfer advice.

As you would expect, in response to the regulator’s Policy statement, The SimplyBiz Group designed and developed a host of support materials including guides, events, new documentation and an online DB Hub to support our Members in this crucial area.

Our leading compliance team produced two new guides to non-contingent charging and other rule changes for advisers with and without full pension transfer permissions. We made these guides available for our Members to support their businesses but we would be more than happy to share them to provide you with that little bit of extra support.

Guide to non-contingent charging and other rule changes

If you'd like to receive a complimentary copy of this guide, simply submit your request below.

Request our guide

Guide for firms not holding the full pension transfer permission, and the impact of non-contingent charging and other rule changes

If you'd like to receive a complimentary copy of this guide, simply submit your request below.

Request our guide

Thinking of joining us to take advantage of our award-winning support? Here’s what a typical support solution from us includes.

Onsite visits
Conducted by your compliance consultant, visit agendas can address any areas of regulatory concern and you receive detailed feedback afterwards. 

File review service
To provide additional peace of mind, our file review service can include pre- and post-sale reviews of transfer business, with our team offer guidance on how to strengthen your documentation. 

Compliance and pensions technical helpdesk
Always on-hand to answer queries over the phone, our regulatory helpdesks offer prompt advice across a broad range of areas. Our pensions technical team consistently receives outstanding feedback and is one of your go-to resources when seeking support on transfer cases. 

Document resource
A wealth of client facing documentation, ready to be adopted wholesale or tailored to your specific proposition, can be accessed via our Member website.

Prefer to refer? We can help here too
If you've opted not to advise on DB transfers but you'd still like to provide a service in this area, we have a solution.

Want to know how we can help your business? Fill out the form below and a member of our team will be in touch soon. Alternatively, call us direct on 01484 439128.


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