Course description
The FCA has repeatedly stated that its concerns about defined benefit pension transfer advice is a key supervisory priority. Several thematic reviews have shown the quality of this advice to be well below the standards that the FCA expects.
Presented by pension transfer specialist Peter Lovegrove, an associate director at Grant Thornton UK LLP, this virtual classroom seminar will provide insights into regulatory expectations when giving and reviewing DB pension transfer advice, gained from recent work with firms and other industry parties.
You will gain a better understanding of how to balance technical compliance with good outcomes, and the practical steps that firms should be taking. The session will consider the likely impact of COVID-19 on the regulators’ approach, including the delayed FCA final guidance following its consultation paper 19/25.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
The FCA has repeatedly stated that its concerns about defined benefit (‘DB’) pension transfer advice is a key supervisory priority. Several thematic reviews have shown the quality of this advice to be well below the standards that the FCA expects.
Rules continue to evolve and despite - or perhaps because of - the impact of the COVID-19 crisis, both advisers and product providers can expect continued scrutiny in this area.
This new live broadcast session will provide insights into regulatory expectations when giving and reviewing DB pension transfer advice, gained from recent work with firms and other industry parties.
You will gain a better understanding of how to balance technical compliance with good outcomes, and the practical steps that firms should be taking.
The session will consider the likely impact of COVID-19 on the regulators’ approach, including the delayed FCA final guidance following its consultation paper 19/25.
What You Will Learn
This live and interactive broadcast will cover the following:
- Significant features of the current DB pension advice market and the impact of the COVID-19 crisis
- FCA expectations when giving or reviewing advice
- The principles underpinning the provision of high-quality DB pensions advice
- How to develop advised solutions that meet a client’s true needs - including the Appropriate Penson Transfer Analysis (APTA)
- The components of an effective advice process, including controls and governance
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...