The number of defined benefit transfers have increased since freedom and choice were introduced, as have the number of victims who have fallen foul of pension scams. Often involving huge sums DB transfers remain the highest risk of all events processed by scheme administrators.

In this webinar we will look at the threat posed by this type of transaction and the measures that administrators and trustees can take to mitigate risks. Looking closely at the responsibilities placed on trustees we will explain exactly what their accountabilities are as well as what steps should be taken to support them.

We will also look at updated guidance from the Pensions Regulator as well as The Code of Good Practice published by The Pension Scams Industry Group.

The webinar will cover:

• The regulatory requirements and obligations of transfers
• The due diligence process
• How the receiving arrangement should be assessed
• How the financial advice should be assessed
• The Regulator’s update guidance