SUPPORTING YOUR DEFINED BENEFIT CONVERSATIONS

Pension Freedoms has given people with Defined Contribution pensions greater control and flexibility over taking their benefits. This means your clients with Defined Benefit (DB) pensions may enquire about the pros and cons of transferring. There are many reasons to be cautious about advising on DB pensions. That's why at Scottish Widows we're focused on helping you achieve the right outcomes for your clients with our expert support. And with Retirement Account we have a flexible pension plan for your clients if transferring is the right thing to do.

Expert Insight

Supporting you in navigating the complex subject with:

Defined Benefit Advice and PS 20/06

 

The Rise of the FCA. Read our article looking at the FCA’s latest DB advice rule changes.

Read now (PDF, 128KB) (opens in a new tab)

Techtalk - DB Schemes Benefits & Tax Treatment Explained

 

Demystifying DB pensions, TFC and death benefits.

Read now (PDF, 128KB) (opens in a new tab)

The Regulatory Landscape

Here's the latest information from the regulator on this topic:
 

FG21/3: Advising on pension transfers

 

Guidance consultation on what's expected from firms who advise on transfers & conversions.

Explore now (opens in a new tab)

PS20/6 Pension transfer advice

 

Feedback on CP19/25 & final rules and guidance.

Explore now (opens in a new tab)

FCA Consumer Support: What does good advice look like?

 

Consumer page with a video explaining the DB advice process.

Read now (opens in a new tab)

Expert Support

Helping you achieve the right outcomes for your clients with:
 

Adviser Defined Benefit Guide

 

The key things to consider when reviewing your client’s suitability.

 

Read now (PDF, 1MB) (opens in a new tab)

Client Defined Benefit Guide - Thinking of Transferring your Defined Benefits

 

Provide your clients with information on the options available to them and some of the key things they should consider.

Read now (PDF, 4MB) (opens in a new tab)

servicing support


If your client does wish to proceed with a DB transfer, we understand the importance of this being done as smoothly and efficiently as possible. That’s why we have a specialist team who:

  • Complete DB transfer/discharge forms and normally issue the same day
  • Issue completed forms to the ceding scheme by special delivery
  • Email copies of completed transfer/discharge forms to the ceding scheme if required.

RETIREMENT ACCOUNT

RETIREMENT ACCOUNT

A flexible product solution if transferring is the right outcome for your client

Find out more about Retirement Account

CONTACT US

CONTACT US

Email our specialist team with any of your Defined Benefit questions

DBsupport@Scottishwidows.co.uk

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TechTalk

TechTalk

Look at our latest analysis of legislation and opportunities.

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INVESTMENT PROSPECTIVES

INVESTMENT PROSPECTIVES

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The Expert Series

The Expert Series

Our Expert Series includes topical webinars, vodcasts and podcasts to help you navigate the changing market, both now and in the future

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