Supporting your Defined Benefit conversations

Defined Contribution pensions can offer clients 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 we have a choice of flexible pension plans available for your clients if transferring is the right thing to do.

The regulatory landscape

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

FCA: Defined Benefit pension transfers

Adviser focused webpage that details all the work the FCA has done in this space.

Explore now

FG21/3: Advising on pension transfers

 

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

Explore now

PS20/6 Pension transfer advice

 

Feedback on CP19/25 & final rules and guidance.

Explore now

FCA Consumer Support: What does good advice look like?

 

Consumer webpage with a video explaining the DB advice process.

Read now

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)

Transfer support

If transferring is the right outcome for your clients:

Scottish Widows Platform

Scottish Widows Platform

Our digital platform offers pension and investment products powered by model portfolio investment solutions.
 

Find out more about Scottish Widows Platform
 

Transfererring to SW Platform

For everything you need to know visit our Platform transfer webpage:
 

Platform transfer webpage

Retirement Account

Retirement Account

Our off platform flexible pension solution, which offers strong multi-asset solutions.
 

Find out more about Retirement Account
 

Transfererring to Retirement Account

Email our team with any of your Retirement Account Defined Benefit Transfer questions:
 

DBsupport@Scottishwidows.co.uk

Get more expertise

Investment perspectives

Investment perspectives

Topical insight and market leading news from our investment experts and partners.

Learn more

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

Explore now