The Financial Conduct Authority (FCA) has published new rules for advising on Defined Benefits (DB) pension transfers.
The new rules and guidance, which kicked in at the beginning of April, ensure that Financial Advice firms follow good practice when helping a client consider their pension fund options.
As with any advice, the FCA emphasises that recommendations on whether or not to transfer from DB to a Defined Contribution scheme must be built around what’s most appropriate to meet the client’s financial needs.
At SG Wealth Management, we pride ourselves on our thorough evaluation and advice process, which ensures we gather sufficient information to assess our client’s aims, goals and needs before delivering completely impartial recommendations.
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