South Manchester Lecture: DB Advice – Where are we now?
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Time: Registration and lunch 12:00pm, lecture starts at 12:30pm to finish at 1:30pm.
With the Regulator increasing its attention on firms carrying out DB transfers it has brought to the fore the importance of having a robust process for dealing with enquiries, that takes account of the client’s circumstances and objectives to determine the suitability of transferring an existing scheme.
Our speaker Gareth Davies will cover all of the practical applications of recent regulatory changes and updates, as well as discussing possible future directions of regulatory travel outlined in CP 19/25. This will include an overview of and recap of Policy Statements 18/6 and 18/20, and the latest best practice updates from the Personal Finance Society. He will be sharing the latest market thinking to help you navigate this complex advice area within an acceptable risk framework.
By the end of the lecture delegates will:
• Understand the latest position from the FCA on regulatory requirements for DB advice arising from PS 18/6 and PS 18/20
• Discover the possible direction of travel from the FCA on Contingent Charging following the publication of cp19/25
• Understand the APTA and TVC requirements, the underlying assumptions, and discuss what best practice looks like
• Gain awareness of ongoing work by the FCA to assess suitability of DB advice
We will be updating you on the latest regulatory position to help you navigate this complex area within an acceptable risk framework.
Gareth Davies is a Specialist Pensions Development Manager for Scottish Widows, dealing with technical and legislative aspects of both corporate and individual pensions. Gareth has over 27 years’ experience in the life and pensions industry working for major product providers, and over 14 years’ experience as a pensions specialist.
Gareth regularly speaks at industry and trade events and he is a Chartered Financial Planner, a Fellow of the Personal Finance Society and holds the Investment Management Certificate.
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