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Old Mutual Wealth launches new Transfer Value Analysis service

03/05/2018

Old Mutual Wealth is pleased to launch a new Transfer Value Analysis (TVA) service following the suspension of the old service last month in response to the clarification made by the Financial Conduct Authority in PS18/6. 

In line with the new regulatory guidance, there will be a charge for the TVA service and reports. Each report will cost £150 + VAT. This new service will be launched on 14 May 2018 at 9am. The charge covers the cost of the technical expertise of the TVA team, the software and the production of the report.

Old Mutual Wealth has been offering TVA services for over 20 years and currently has a highly qualified team of 12 members with over 40 years TVAS experience.

The new TVA service has been refined to ensure advisers can receive an accurate report as swiftly as possible. As part of this, requests for a report will be submitted through a new tool, which will ensure all the essential information is captured.

Scott Goodsir, managing director of UK distribution at Old Mutual Wealth comments:

Scott Goodsir“A final salary transfer is often the most important piece of advice that a client will ever receive and having all the right information is crucial. Our new TVA service will help us support advisers and their clients as demand for this advice continues to surge.

“The accurate production of a TVA report is a key element of the DB to DC pension transfer process and our 12 strong TVA team are well-equipped to provide swift and accurate analysis.”

For more information contact

Kathleen Gallagher023 8072 629307990 004932kathleen.gallagher@quilter.com
Tim Skelton-Smith02380 916 99807824 145 076tim.skelton-smith@quilter.com

Notes to editors:

About Quilter plc:

Quilter plc is a leading wealth management business in the UK and internationally, helping to create prosperity for the generations of today and tomorrow.

Quilter plc oversees £114.9 billion in investments (as at 31 March 2019).

It has an adviser and customer offering spanning: financial advice; investment platforms; multi-asset investment solutions; and discretionary fund management.

The business is comprised of two segments: Advice and Wealth Management and Wealth Platforms.

Advice and Wealth Management encompasses the financial advice business, Quilter Financial Planning; the discretionary fund management business, Quilter Cheviot; and Quilter Investors, the Multi-asset investment solutions business.

Wealth Platforms includes Old Mutual Wealth UK platform; Old Mutual International, including AAM Advisory in Singapore; and the Old Mutual Wealth Heritage life assurance business.

The Quilter plc businesses are being re-branded as follows: 

  • Quilter Financial Planning (previously Intrinsic)
  • Quilter Private Client Advisers (previously Old Mutual Wealth Private Client Advisers)
  • Charles Derby Group (becoming Quilter Financial Advisers)
  • Quilter Financial Adviser School
  • Quilter Cheviot
  • Quilter Investors
  • Old Mutual Wealth (becoming Quilter Wealth Solutions in 2020)
  • Old Mutual International (becoming Quilter International in 2020)

This press release is for journalists only and should not be relied upon by financial advisers or customers.

Please remember that past performance is not a guide to future performance. The value of investments and the income from them can go down as well as up and investors may not get back any of the amount originally invested. Exchange rate changes may cause the value of overseas investments to rise or fall.

This communication is issued by Quilter plc.  Registered office: Millennium Bridge House, 2 Lambeth Hill, London EC4V 4AJ, United Kingdom. Registered number: 6404270.  Registered in England.