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Wealth manager enters DB market with TVAS acquisition By Michael Klimes 7 th April 2021 6:00 am Wealth manager Arlo Group has entered the defined benefit market with its acquisition of Purely Pensions. Purely Pensions will remain directly authorised and offer transfer value analysis report writing to third parties, among other defined benefit services. Arlo Group also has an international advice arm that is split between UK clients and non-domiciled individuals. The deal remains subject to FCA approval. Arlo International managing director Jonathan Hives says: “We have invested into a company that have permissions to do DB transfers. This company has the Pension Transfer Gold Standard and it is absolutely critical you take correct advice. ....
This week our reader wants to know if they should transfer their pension when they leave a company. Reader question: I have been working for a large. ....
Carl Lamb: DB transfers’ sword of Damocles lifted By Carl Lamb 3 rd March 2021 9:28 am It has been a long time coming but I finally feel we can move forward with defined benefit transfer advice without the Sword of Damocles in the shape of future claims. I feel this for two reasons. First, advice is only now provided in this area by firms that have actively decided to take it on. Those still providing advice apparently just 1,500 firms out of a total of over 5,000 know that their processes and procedures must be watertight because the eye of the FCA will be resolutely on them. With contingent charging banned, it is all about the advice, not the outcome. Clients’ best interests should now be at the heart of the advice. ....