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PASS helps small IFAs on transfer cases

The Pension Advisers Support System review is launching a loss assessment service for small IFAs.

The service will provide practical advice to IFAs which have difficulty in calculating the loss implications of transfer cases.

It will address losses arising from opt-outs and non-joiners at a later date.

PASS chief executive Mark Penton says: &#34The launch of the Loss Assessment Service and the next section of our IFA Guide is further evidence of our commitment to helping IFAs with their review of pension sales.&#34

A standard fee of £400 will be charged for each transfer calculation to cover costs. The fee for opt-outs and non-joiners will be higher.


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