Old Mutual Wealth has announced the launch of a new Transfer Value Analysis (TVA) service following the suspension of the old service last month in response to the clarification made by the Financial Conduct Authority (FCA).
In line with the new guidance from the UK regulator, there will be a charge for the TVA service and reports of £150. The new service will be launched on 14 May 2018 at 9am.
Old Mutual Wealth has been offering TVA services for over 20 years and currently has a team of 12 members with over 40 years’ TVAS experience.
The new TVA service has been refined to ensure advisers can receive an accurate report as swiftly as possible. As part of this, requests for a report will be submitted through a new tool, which will ensure all the essential information is captured.
‘The most important advice a client will ever receive’
Scott Goodsir, managing director of UK distribution at Old Mutual Wealth said: “A final salary transfer is often the most important piece of advice that a client will ever receive and having all the right information is crucial. Our new TVA service will help us support advisers and their clients as demand for this advice continues to surge.
“The accurate production of a TVA report is a key element of the DB to DC pension transfer process and our 12 strong TVA team are well-equipped to provide swift and accurate analysis.”