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Advisers face ‘painful times’ as transfer rules arrive

Advisers will need to manage client expectations, as the latest anti-scam transfer rules are likely to make small-self administered scheme processes “considerably more drawn out”. 

The new rules, which came into force at the end of November, are likely to have a big impact on SSAS’s, according to Martin Tilley, director and head of technical and compliance at Westbridge.
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