Given the full flexibility introduced by the pension freedoms, should your clients transfer their DB pensions into our Collective Retirement Account (CRA)?
When it comes to DB transfers, there is a strong regulatory emphasis on having a good, outcome-focused process. This process needs to enable you to communicate effectively to your clients on what is being given up and the likely outcome our CRA will provide. The process needs to ensure that you collect the right information, analyse this information correctly and, if appropriate, offer our CRA as suitable to receive the transfer.
