When providing holistic advice, as part of gathering client information it’s usual to obtain and record details of any defined benefit (DB) pension schemes a client may have.
However, we have seen a number of files whereby no further reference is made to these DB pension schemes when providing advice. As such, this could be seen as an explicit recommendation for the client to remain in their scheme(s). Although this, in the majority of cases, would be in the client’s best interest, your file needs to evidence that you haven’t completely ignored the fact that a client has been / is a member of a DB pension scheme.
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