Claire has worked in the pensions arena for the whole of her career which has ranged from a financial adviser dealing with pension transfers to helping advisers deal with the complexities of Sipps and SSAS in a post simplification environment. She joined Technical Connection in November 2016. Her role there continues to build on her ability to communicate clearly with various audiences using a wide array of media.

In this video, Technical Connection head of pensions strategy Claire Trott looks at what financial planners need to consider when it comes to block transfers, also known as 'buddy transfers'.

Block transfers are where two or more people are transferring from one registered pension scheme to another. They come into play where there are members with a protected pension age or where there is pre A-day scheme-specific tax-free cash. 

Pension freedoms saw the introduction of the money purchase annual allowance (MPAA) - the reduced annual allowance of £4,000 for those who have accessed their benefits flexibly. 

Here, Technical Connection head of pensions strategy Claire Trott explains the things financial planners can do to avoid triggering the MPAA. 

Advice on defined benefit (DB) pension transfers has come under intense scrutiny, particularly as stories of British Steel Pension Scheme members receiving a questionable service have emerged.

While the FCA now appears to be cracking down on some firms, it has served as a moment for advisers to evaluate their processes.

Advisers always have and always will do thorough due diligence on the partners they outsource any pension transfer work to, aligning the two businesses together to ensure a good outcome for clients.

Time is running out for the individual protection deadline, but there is still time to apply if you know how to spot those impacted. Have a watch of the below to find out more.