Finura granted Pension Transfer Gold Standard

Finura is proud to announce that we have been granted the Pension Transfer Gold Standard by the Personal Finance Society.

The Gold Standard is a voluntary code of good practice for Safeguarded and Defined Benefit Pension transfer advice, based around a set of principles, which Finura successfully demonstrated we have adopted.

By adopting and promoting this standard, clients can be more confident that they are dealing with a firm that is going beyond the minimum requirements when giving financial advice and a personal recommendation regarding whether a pension should be transferred.

The Gold Standard is primarily about empowering clients and setting clear expectations of what to expect from financial advice.

The nine principles are:

1. Helping clients understand when advice is appropriate
2. Ensuring advice given supports the clients overall financial well being in the context of their stated objectives
3. Ensuring client understanding and acceptance of all charges
4. Ensuring the most appropriate and updated technical skills are applied
5. Transparent management of Conflicts of Interest
6. Helping clients understanding the cost of transferring benefits
7. Avoiding unregulated investments and introducers
8. Transparency in advice processes and outcomes
9. Promoting the Consumer Guide to the Pension Transfer Gold Standard

The consumer guide can be found here.

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