Standard Life has launched a tool to help advisers cut time and money in their work on pension transfers amid an increased popularity of the service.
The provider has launched a suite of materials to offer support to advisers with defined benefit (DB) to defined contribution (DC) pension transfers. The tools will help advisers figure out more quickly whether a client wants to transfer and how the transfer process can be streamlined to reduce cost and time spent on the process. Standard Life said advisers had told it they need help filtering out clients who shouldn't go through the full advice process, as well as with setting client expectations and recording outcomes. Pension transfers became more popular with savers following t...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes