Our DB Transfer Bureau advice service is designed for Professional Introducers and SimplyBiz members.

Why choose Creative’s DB Transfer Bureau advice service?

Creative’s team of Chartered Financial Planners are pension transfer specialists with unparalleled knowledge and experience in the specialist advice area of Defined Benefits Pension Transfers. We have adopted the Pension Transfer Gold Standard and are a multi award-winning trusted partner of SimplyBiz, the UK’s number 1 provider of IFA support services.

What are the benefits of using Creative’s DB Transfer Bureau?

We offer a full pension transfer service that supports you, your organisation and your client from start to finish:

  • Your clients will benefit from the support of experienced, highly-qualified advisers who will be their main point of contact throughout the DB Transfer advice process
  • We offer a dedicated, named Account Manager to work exclusively with your firm to offer help, support and development opportunities. We will work collaboratively with you to help you diversify your business and give your clients quality advice that protects your reputation and company brand
  • We offer highly competitive fees for Defined Benefits transfer advice and administration
  • We take full responsibility for the DB transfer advice and the implementation of any investment recommendations
  • We offer a robust non-compete agreement – you retain us purely to give advice on the Defined Benefit arrangement. Should any other advice needs arise we will hand this straight back to you. We’ve helped hundreds of financial advisers and are a trusted partner of SimplyBiz

OUR FEES

Our fees are comprised of 2 elements and subject to a maximum total (including any fee you would like to charge below):

  1. Advice fee of £2,000 per pension, plus
  2. Implementation fee as follows:
CWM fee
First £250,000 – 2.00%
Next £250,000 – 1.60%
Next £500,000 – 1.20%
Excess over £1,000,000 – 0.80%

The minimum implementation fee is £2,500 of total transfer values, not per pension being transferred.

Maximum overall initial advisor fee (including introducer fee)
First £250,000 – 4%
Next £250,000 – 3%
Next £500,000 – 2%
Excess over £1,000,000 – 1%

VAT will be applicable where we are not recommending the establishment of a retail product. This is in addition to the above charges. This charge can be paid via an ad hoc charge from a DC fund.

Where a transfer is recommended, our fees are typically taken from the funds on transfer although they can be paid separately if requested.

PROFESSIONAL INTRODUCER DUE DILIGENCE REQUIREMENTS

If you haven’t submitted a DB Pension Transfer case to us before, please complete our Professional Introducer Due Diligence. A member of Creative’s Wealth Management team will contact you to confirm whether due diligence has been passed or if any further information is required.

Our Process

Case Submission

On receipt of the case submission form together with relevant client documents, we will allocate an adviser to the client.

Initial contact & Triage

The allocated adviser will contact you and the client to introduce ourselves and email the client a link to the Money Alive Final Salary Portal for triage.

Gathering Information

Once the KYC information has been completed and letters of authority have been received we will request the policy information, TVAR and complete cashflow forecasts.

Suitability report

This will be sent to the client together with supporting documentation and forms if applicable.

Implementation

On receipt of the completed application forms, we will manage the implementation process through to completion, keeping the client and introducing IFA updated throughout.

Ongoing Advice

We will provide an ongoing service to the client. Any introducer fee will be claimed by the introducer once the transfer has been completed.

Refer Your Client

Submit a Pension Transfer Case

New Professional Introducers

Complete Due Diligence

Frequently Asked Questions

Further information for IFAs

In the words of our Professional Introducers...

Very sensible. Very experienced. Very grounded. [The advice process] is exhaustive and professional. My client really liked the videos .

John PicklesDirector | Globe Indpendent Financial Advisors Ltd

I’d like to compliment three of your employees, Ben Sier, Daniel Mayo and Jamie McCarthy, for their help in resolving a very sensitive and technically challenging case. The service they provided in dealing with this case, along with their professionalism exceeded my expectations.

Your company is obviously successful because of the professionalism of your staff. Well done and thanks again!

Kenneth BrewsterPrincipal | Brewster Financial Services

Very friendly and really knowledgeable. [Their process is] very slick and client friendly.

Craig WatsonAdviser | Simpson Kelly Associates

I always feel that the quality of advice, compliance and service is exceptional. Beyond that, when dealing with the advisers specifically, we always feel that they have client’s interest at heart which is synonymous with our own business practices.

Karl FentonTony Fenton & Sons Wealth Management LTD

Creative's Wealth Management team has added a valuable layer of high-quality service to the proposition we deliver to clients. What makes them so different to other 3rd party DB transfer specialists, is the way they work so closely with the introducing IFA to ensure the most appropriate outcome is achieved. In addition, their total professionalism shines through the whole process.

Independent Financial Adviser

We were stuck… we needed a significant player in this market, with an obvious presence, large number of advisers and support, long established.

Very logical and sensible approach and kept me in the loop. Time vs diligence was a good balance.

Ian KenwrightHorizon Wealth Management Ltd