Defined Benefit Advice In Last 5 Years?

PI Costs Sky Rocketing?

Worried About Complaints?

With the FCA effectively making ‘compliant’ DB transfer advice all but impossible, whether our clients understood the risks of the advice at the time we provided it, many advisers are bracing themselves for the inevitable – claims and complaints.

The British Steel Scandal

The British Steel scandal has meant that even the most scrupulous and diligent IFAs who have provided Final Salary Advice historically are now fair game to Claims Management Companies and Solicitors.

In addition, PI providers are reluctant to renew which puts massive pressure on adviser firms in terms of cost and risk.

With the unrelenting pursuit of recompense or compensation from the CMCs and Solicitors and the headaches it brings a lot of IFAs are looking at their options to de-risk their business by selling off some or all of their client book.

However the final insult can be that IFAs who have a history of DB Advice can find themselves in a situation where their business has little or no value when they come to sell due to the risk of historic advice.

What Can Be Done?

We and our partners are actively looking to buy some or all of your client book.

This does not require you to:

Close your business (although you can)
Join another firm (although you can)
Go through a lengthy due diligence process
Want to Find Out More?

If you’d like to know more and would like to set up an informal initial conversation, please click below.

We hope to hear from you soon.