SimplyBiz adds Pension Works to DB transfer panel

Jenna Brown reports

Pension Works has joined SimplyBiz’s outsourced defined benefit (DB) transfer panel.

The Knutsford-based specialist retirement advice firm joins Grove Pension Solutions, Pensionhelp, Pension Income Planning, P&B Wealth and Aviva Financial Advice on the Pension Transfer Bureau panel.

The bureau was set up as an outsourced referral option for advisers who are either unable to or have opted not to, operate in the DB transfer market but still want to fulfil the needs of their clients in this area.

SimplyBiz compliance director Gary Kershaw said: “It is absolutely vital that clients are given the most suitable advice for their individual circumstances. Most of the time, the most suitable course of action won’t be a DB pension transfer, however, it’s absolutely imperative that the client has specialist and experienced guidance to help them explore their options and, when appropriate, conduct their business.

“We’ve conducted extensive due diligence on all of the partners which make up the panel, to ensure they can continue to provide the very highest quality of service to any referred clients.”

Pension Works has both ISO9001 accreditation and the Pension Transfer Gold Standard.

Pension Works head of business development Will King said the firm had worked with SimplyBiz for the past five years and build a strong DB advice process.

“We continually strive to become better at what we do in delivering a service that exceeds expectations, and we’re grateful for the opportunity to work closely with the great businesses who are members of SimplyBiz.”