Pension exam success for Vantage adviser

Friday 20 July 2018

Paul Alker, the Head of Wealth Management Department at Vantage, has passed the highest level of exam in pension transfers – “Level 6 Qualification in Pension Transfers” - as set by the Chartered Insurance Institute.

Mr Alker is the first practising qualified financial advisor in Jersey to secure this qualification, which was developed in 2017 following a consultation by the Financial Conduct Authority (FCA) on pension transfers.

Both the Jersey Financial Services Commission (the “JFSC”) and the UK regulator, the FCA, have previously expressed concern that individuals are not getting appropriate professional advice when considering transferring out of generous DB, or “Final Salary” pension schemes.

Richard Packman, Vantage Group CEO commented: “I applaud Paul on achieving such a high level of professionalism in this important area of personal financial planning. Vantage are experiencing an increase in clients wishing to transfer out of final salary pension schemes, and it bodes well that we lead the field in providing the highest level of professional qualifications for our clients’ safeguard.”