A practical guide to pension consolidation
A single pension arrangement can give clients a clearer view of their savings, reduce charges and simplify decision-making.
Techzone guide: Consolidating pensions
Pension consolidation is complex and time-consuming. FCA regulations demand clear evidence that any transfer is in your client’s best interests.
Our in-depth Techzone guide helps you to meet these requirements and deliver compliant, client focused advice.
Inside, you’ll find:
- How to carry out effective fact-finding and risk profiling
- Support for reviewing existing pension arrangements thoroughly
- Ways to manage risk and support vulnerable clients
- Guidance for handling insistent clients
- A framework for building a compliant, well-evidenced recommendation
Your pension consolidation toolkit
Our expert team have compiled a practical toolkit to make consolidation conversations easier and more effective.
Pension decision tree
This visual guide will enable you to determine if the advice is a pension switch, opt-out, transfer or conversion.
Pension research questions
An editable list of questions to submit to the pension provider with the letter of authority to support your research process.
Retirement Income Advice Assessment Tool (RIAAT)
The RIAAT outlines the key considerations for assessing the suitability of retirement income advice to ensure it is aligned with the FCA’s expectations.
Pension switching suitability assessment paper
A checklist for firms to assess the suitability of pension switching advice. Published by the FSA in 2009 and still used by FOS for assessing pension switching complaints.
