The Gold Standard

The Pensions Advice Taskforce, a representative industry body of the Personal Finance Society, has established a voluntary code of good conduct for safeguarded and Defined Benefit Pension Transfers Advice - the ‘Gold Standard’.

Here at Forrester Boyd Wealth Management, we are proud to be holders of the Gold Standard. The Pension Transfer Gold Standard is there to help consumers recognise good practice, ethical and professional standards when seeking financial advice on pension transfers.

High level objectives

To raise Advice Standards

Pension Transfer Gold Standard will be achieved by adherence to a set of principles underpinned by specific requirements for firms who adopt the Gold Standard.

Enhanced Consumer Protection

To be achieved via firms adhering to the Gold Standard and its principles, openly and proactively identifying themselves as such and duly promoting the Consumer Guide to the Gold Standard.

Nine guiding principles

  • Help clients understand when advice is appropriate
  • Ensure advice given supports the clients overall wellbeing in the context of their stated objectives.
  • Ensure client’s understanding and acceptance of all charges
  • Ensure the most appropriate and updated technical skills are applied
  • Transparent management of conflicts of interest
  • Help clients understanding the cost of transferring benefits
  • Avoid unregulated investments and introducers
  • Transparency in advice process and outcomes
  • Promote the Consumer Guide to PTGS