Compliance Support

Client Profile

A large UK wealth management business is required to review the sales process of a number of inherited pension policies. This include policies that previously fell within the scope of the original Pensions Review by the regulator.

Brief

The company requires compliance support ranging from expert opinion on the initial sale, assessments of any previous reviews and completion of actuarial redress calculations.

Approach

SDA has extensive experience of, historical sales compliance requirements, administration and calculation processes required under the Pensions Review, and resolving non-standard queries and reviews.

SDA has a long term relationship with the company spanning several years and provides support at all levels from providing an opinion on the validity and scope of a review to completing full actuarial redress calculations. SDA has supported the company both on an individual case basis and on ad-hoc projects involving reviews of a larger samples of policies. SDA provides clear auditable written reports where required, important for redress processes and for case record keeping.