This module covers the topic of Defined Benefits. It will explore the elements of a Defined
Benefit transfer, starting from the initial information request, all the way through to
ensuring that the overall file is compliant.

The module explores the regulations and the FCA’s stance of DB transfers, this will help
ensure you and your firm are in line with the guidance surrounding the suitability of defined
benefit schemes.

It also explains the level of research which is required in order to sufficiently analyse a
defined benefit scheme as well as being able to detail your recommendation clearly in a
suitability letter. Lastly, the course explores what information is required on file in order to
be compliant.

Units
- Scheme information
- Analysis (APTA/TVC)
- Reports
- A compliant file

Objectives
- Request and review the relevant information required from a Defined Benefit scheme, to assess its suitability.
- Learn the analysis process and what is required to help in making a suitable recommendation to the client.
- Document the recommendation in an appropriate manner, making it clear and easy for the client to understand and help them make an informed decision.
- Understand what is required from a compliance point of view and the documents that should be retained on file.

This course is suitable for a wide range of individuals.

You may provide advice or administer pension transfers and would like to update your existing Defined Benefit knowledge after the latest changes. Or, you could be brand new to Defined Benefits and you are keen to know everything about them, from gathering the initial policy information to what compliance will want to see.

Essentially, a Defined Benefits scheme can be a crucial element of a client’s retirement plan. If having a thorough level of understanding around the technicalities of a Defined Benefit scheme, and being able to extract this information from a scheme would benefit you as well as your team – then this course is for you.

The price includes VAT.