PENSION TRANSFER SUB £30k - IS ADVICE REQUIRED?

In terms of Pension Transfer - there is no requirement under law to receive advice for TVs under £30k.

But if an adviser does give advice then they would need to have the relevant permissions. 

IFAC understand that providers aren’t accepting anything under £30k without advice – clearly they are concerned on potential future liability coming back on them!

The added complication with DB advice is always Professional Indemnity Insurance - IFAC also understand that the plan/advice won’t be covered by the PI without the relevant FCA permissions in place.