WEBINAR: DB Transfers and Retirement Income Advice

The Insurance Society of Edinburgh are happy to announce that their next event will focus on DB Transfers and Retirement Income Advice.

Defined benefit transfers and, increasingly, retirement income advice are high priorities for the FCA. In this session, Rory Percival will initially focus on the FCA’s expectations around DB transfer suitability of advice and record-keeping. He will then also explore what we can read across the FCA’s position on DB transfers to retire income advice more broadly and what firms should be thinking about for their centralised retirement propositions.

Learning objectives

By the end of this session you should:

• Understand the FCA’s view on suitability of DB transfers
• Understand the likely FCA concerns about the retirement income market
• Understand the problems that exist in many firms currently
• Consider changes, developments and good practice

The seminar will be delivered by Rory Percival. Rory was ‘the face of the FCA’ to advisory firms for many years. He worked at the regulator for 10 years and was involved with many high profile projects such as risk profiling, centralised investment propositions, the RDR, research and due diligence, and the assessing suitability review as well as speaking regularly at conferences. Prior to joining the regulator Rory worked in the advisory for sector for 20 years mainly in compliance and training roles. He has Chartered Financial Planner status. In November 2016 he launched his own firm – Rory Percival Training and Consultancy Ltd to help support professionalism in the advisory sector. He is also a non-executive director of three advisory firms, a member of a number of investments committees/advisory boards, and a former director of the Personal Finance Society.

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