Response to FSA Report on pension switching

As an established freelance Paraplanning service, and one of the leading providers of Suitability Report writing software, Paraplanning Online is uniquely placed to observe and react to trends in compliance and regulatory directives, such as those outlined in the FSA report on pension switching.

Unlike other Suitability Report generating tools which are based on templates and require you to trawl through, and select a series of standardised paragraphs, our Suitability Report writing software uses highly intuitive “wizard” technology and asks carefully targeted questions to automatically generate and format the report. This not only ensures it is quick and easy to use, but most importantly that it is compliant.

However, as with any aspect of financial planning, we are conscious that there is more to ensuring your overall compliance than solely providing your clients with a professional and comprehensive Suitability Report. Therefore based on our own analysis of the FSA’s report, and the feedback we have received from various compliance departments, we have created our own quick reference guide to pension switching. The guide provides a brief overview of the FSA’s findings, our comment / recommendations in respect to the issues raised; as well as notes and guidance as to how the PPOL software deals with each of these issues. It is also possible to download an example Pension Switching report, which has been created using the PPOL software.

To download a copy of our pension switching guide, and see an example of the type of report this software can create in a matter of minutes

Click Here for Guide and Example Report

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