COMPLIANCE NEWS - FOR DIRECTLY AUTHORISED FINANCIAL ADVISORY FIRMS IN THE UK

Compliance News Limited
Egerton House, 14 Egerton Terrace, Rawdon, Leeds, LS19 6QA
Tel: 0113-2583111 & 07973-363277
Email:
compliance@ifahelpline.co.uk

 

 
 
 

Excel spreadsheet of documents available to all subscribers. *October 2019*

 
 

Compliance News for IFAs - 41 - Spring 2019
Format: Printable PDF File - Size: 53kb - Virus Scanned: YES

Compliance News for IFAs - 40 - Summer 2018
Format: Printable PDF File - Size: 53kb - Virus Scanned: YES

Compliance News for IFAs - 39 - October 2017
Format: Printable PDF File - Size: 226kb - Virus Scanned: YES

PENSION TRANSFER (DB) FILE-CHECKING

We are very pleased to announce that via our connected company, Pension Transfer Checking Limited, firms are now able to arrange to have their "Occupational transfers" checked on a "pay as you go" basis. A number of firms just send in one file each quarter - there is no minimum you need to agree to.

Costs:

£480+VAT for a DB / final-salary scheme transfer to be checked.

£350+VAT for a DC / Money-purchase scheme transfer to be checked.

The main element to this service is to clearly highlight that we are not able to take-on the advice liability from completing such a check. Pension Transfer Checking Limited is NOT authorised by the FCA and has no plans to change this. The majority of cases we are involved in are linked to authorised IFA firms looking to undertake third-party checking / Compliance control of such higher-risk cases.

Turnaround times: Our expected time to complete such a check is 7 to 10 days from when we receive the complete file. However, we hope to be able to reduce this in many situations.

Getting started: To arrange for a check to be done, please contact us and we forward our "file review service request" form and Terms & conditions. Please email office@filecheck.co.uk

We hope this service will be useful, please do contact us if you have any questions.

Tom Ryan, Michaela Threader, Katherine Horgan & Phil Dibb

 

 

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