Maddie Delboy, Compliance consultant at Apricity, considers where advice firms are delivering consistent advice on DB and where, in general, firms could further improve the advice process.

Defined benefit pension transfers. Which words spring to mind when you read this? British Steel, contingent charging, unregulated introducers? The defined benefit advice space has been littered with these negative connotations for years, and in part, rightfully so. But what about those who are still operating in this space, those who still have managed to pass regulatory questionnaires and obtain compliant professional indemnity insurance cover? One year following the last regulatory policy statement, and only 6 months following FG21/3, do we find ourselves in the perfect market place where all advice is suitable and consumer outcomes are being prioritised?

Read more in our Professional Paraplanner article here.