National adviser offers DB transfer robo-paraplanner

National adviser Mercer Jelf Financial Planning is offering a defined benefit robo-paraplanner to its customers.

Mercer UK teamed up with robo-advice platform Wealth Wizards to launch the service.

Wealth Wizards launched its white-labelled robo-paraplanner tool, trialled with LV=, in May last year.

Robo-paraplanner launches for workplace pensions

The advice planner works on a triage basis and if this results in an advice recommendation then a full suitability report is delivered.

Mercer UK defined contribution and individual wealth leader Richard Wilson says the partnership with Wealth Wizards will help deliver a good service for DB clients.

The two businesses are expecting to launch further pensions services in the future.

Wealth Wizards chief executive Andrew Firth says: “By jointly creating the DB pension transfer solution, together we have addressed one of the most complex and topical issues in advice provision today.”


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There are 4 comments at the moment, we would love to hear your opinion too.

  1. John Hutton-Attenborough 10th May 2018 at 1:48 pm

    Does the computer always say “Yes”?

  2. What do FOS and the FCA think about this?
    What with DBtransfers not being at all complicated. Ask the British Steel workers.
    Free Kebab anyone?

  3. I assume Mercers are acting as advisers to the Employer using the Robo still leaves a conflict issue, never mind the ICO issues

  4. This reminds me of the old saying “a second hand crash helmet is fine – if you have a second hand head”.

    With something as complex as sacrificing a defined benefit, I wonder if robo advice is fine provided the client is a robot.

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