UK - IFA network Inter-Alliance has launched a series of training and education initiatives on income drawdown and pensions transfers to its members.
The firm said that while the pensions transfer market is a significant growth market, the inherent complexity of pension transfers and income drawdown results in quite high compliance costs, and difficulties in giving good advice.
Inter-Alliance will base future courses around the Advanced Financial Planning Certificate (AFPC) G60 paper – but it stressed it will not de-license experienced advisers who do not have this qualification.
Inter-Alliance head of corporate communications Charles Ansdell said: “By giving our advisers access to top-class training, an extremely competitive in-house bureau and extensive marketing initiatives, we are giving them a distinct advantage in this market.
“Moreover, we are taking a pragmatic approach to licensing our advisers to offer pensions transfers.
“Rather than the blunt instrument employed by some competitors of ‘if you don’t have G60, you can’t do it’, we are adopting an approach that reflects the prior experience and compliance track record of advisers.”
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