Defined Benefit  

Percival to tour UK in another series of adviser seminars

Percival to tour UK in another series of adviser seminars

Former Financial Conduct Authority (FCA) technical specialist Rory Percival will be travelling across the UK between 29 August and 8 November 2018, alongside Prudential experts, to deliver seminars for financial advisers.

The series of seminars will be dedicated to the latest changes in regulation, to help advisers "make sense of the recent raft of regulation and deliver good client outcomes".

This is the second time Mr Percival, who now runs his own consultancy firm, joins the firm in its nationwide seminars.

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Mr Percival will be covering subjects like closet trackers, the impact of passive investment, high risk and complex investments, and the platforms market, Prudential said.

He will also give insight into defined benefit (DB) transfers, including the practical aspects of meeting the new suitability requirements, cash-flow modelling and contingent and non-contingent charging.

Mr Percival will also be discussing recent innovations in triage, such as the Final Salary Portal, a firm which provides a series of educational videos on DB transfers available to financial advisers.

In March, the regulator said it was consulting on new guidance on how firms can provide an appropriate triage service that gives factual and generic information without stepping across the advice boundary.

The watchdog said if triage was to be a non-advised service, it should be an educational process so that consumers can decide whether to proceed to regulated advice.

Firms can achieve this by providing generic, balanced information on the advantages and disadvantages of pension transfers, the FCA added.

The seminars, which are free to attend, will last for two hours and will qualify for 120 minutes continuous professional development from the Chartered Institute for Securities & Investment (Cisi) and the Chartered Insurance Institute (CII).

Belfast will be the first location on 29 August.