Hub Pension Consulting has launched an automated abridged advice service accessible to defined benefit (DB) pension holders.
They will be able to see if a pension transfer is beneficial to their situation, without having to engage in the full financial advice process, which can be costly.
The automated service combines a “digital fact-find and a triage stage”. If a pension transfer is found to be a suitable option, then members can progress towards a personalised advice discussion, the firm said.
Hub added that by making the process digital, it was able to streamline it, keep costs low, and give clients the opportunity to access the service when and how they prefer.
Members also have the option of speaking to a financial adviser at any point in the process.
Rebrand
Hub Pension Consulting was bought by the Just Group in 2018, and was formerly known as Corinthian Pension Consulting.
Simon Gray, managing director at Hub Pension Consulting, said: “This rebrand marks a significant step in the development of Hub Group as one of the biggest providers of regulated advice in the UK.
“It cements Hub Pension Consulting’s unique role as the longest-standing provider of regulated advice to members for trustee-led bulk scheme defined benefit pension scheme exercises in the market.
“The business is the longest-serving regulated adviser on bulk scheme exercises since it completed its first exercise in 2005. We have used technology to deliver an advice service which identifies early in the customer journey if a transfer is not in the member’s best interest – saving them unnecessary time and cost.
“For members who may stand to benefit from a DB transfer, our service provides affordable, full regulated advice.”
