What is it?
The Gold Standard is a voluntary code of good practice for Safeguarded and Defined Benefit Pension Transfer advice, based around a set of principles.
Financial advice firms can adopt and promote this standard by adhering to these principles, so consumers can be more confident they are dealing with a firm that is going beyond minimum requirements when giving financial advice and a personal recommendation as to whether to transfer their pension.
The nine principles.
- Helping clients understand when advice is appropriate.
Ensuring advice given supports the clients’ overall wellbeing in the context of their stated objectives.
Ensuring client understanding and acceptance of all charges.
Ensuring the most appropriate and updated technical skills are applied.
Transparent management of Conflicts of Interest.
Helping clients understanding the cost of transferring benefits.
Avoiding unregulated investments and introducers.
Transparency in advice processes and outcomes.
- Promoting the Consumer Guide to the Pension Transfer Gold Standard.
Focus on you.
Get in Touch.
Office
3 Wigwam Close, Poynton, Cheshire, SK12 1XF
Contact
01625 252571
office@jdwwealthmanagement.co.uk
