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Pension transfers, according to Selectapension, have seen a 66% increase in DB cases analysed by Advisers and Paraplanners in 2016, compared to 2015. |
The demand for transfers increased as 2016 progressed with a 120% increase in DB cases analysed in December 2016 compared to December 2015.
n April 2016 there were 96% more DB cases analysed by Advisers than in April 2015. Whilst more cases have been reviewed, the Product Providers potentially receiving transferred pots hasn’t changed much.
For Advisers who are not authorised or don’t have the time or inclination to manage complex DB cases, there has been an unprecedented demand for Selectapension’s bureau services. Peter Bradshaw, National Accounts Director, Selectapension commented: “Transferring out of a DB scheme is a complex process, and it can also be a lengthy one. With full scheme information, a TVAS report can be produced within an hour, but the whole transfer process can take months.
We welcome the recent FCA’s guidance on pension suitability which recognised that clients’ personal circumstances can trump critical yields.’’ |
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| Reporting Manager - South East/Hybrid | ||
| South East, Hybrid - Negotiable | ||
| Project-oriented pensions consultant ... | ||
| Any UK Office location / Hybrid working, 2 days p/w in office - Negotiable | ||
| Senior BPA Leader | ||
| London / hybrid 3 dpw office-based - Negotiable | ||
| Risk Settlement Project Support | ||
| UK-wide / hybrid 2 dpw office-based - Negotiable | ||
| Risk Settlement Lead | ||
| UK-wide / hybrid 2 dpw office-based - Negotiable | ||
| Pricing Analyst - Life Actuarial | ||
| South East / hybrid - Negotiable | ||
| Senior Actuarial Trainee | ||
| South East / hybrid 3 days p/w office-based - Negotiable | ||
| Head of Capital | ||
| London - £160,000 Per Annum | ||
| Actuary – Broker | ||
| London - £150,000 Per Annum | ||
| Senior Pricing Analyst - Travel Insur... | ||
| London / hybrid 3 dpw office-based - Negotiable | ||
| BPA Analyst - Non-actuarial | ||
| North West / hybrid 50/50 - Negotiable | ||
| Financial & Insurance Risk Actuary | ||
| Scotland / hybrid 2 dpw office-based - Negotiable | ||
| Pensions (Scheme) Regulation Director... | ||
| London or Birmingham with flexible hybrid working - Negotiable | ||
| Cross-Asset Structurer - International | ||
| Zurich - Negotiable | ||
| BPA Transition Manager | ||
| South East - Negotiable | ||
| Calling all technical pensions specia... | ||
| North West with a range of hybrid working options - Negotiable | ||
| Take the lead on London Market pricing | ||
| London – 3 days per week in the office - Negotiable | ||
| Head of Capital | ||
| London - Negotiable | ||
| Divisional Reinsurance Actuary | ||
| London - £170,000 Per Annum | ||
| Associate - BPA Origination & Execution | ||
| London / hybrid 3 dpw office-based - Negotiable | ||
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