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TVC upgrade ready prior to FCA deadline
DB Pension Transfer Analysis specialists, O&M Pension Solutions, have today announced the release of the latest upgrade to their market leading TVA software which includes the introduction of the Transfer Value Comparator (TVC).
O&M have been providing TVAS Report solutions via their Transfer Bureau service and Transvas Profiler software for over 25 years. As the switch from TVAS to TVC reports comes into effect from the 1st of October, O&M have confirmed that their TVC Report is available via their software and bureau service with immediate effect, enabling advisers to implement the new regulatory requirements ahead of the October deadline if they wish.
O&M Pension Solutions Director, Mr Jason Wykes, commented:
“We understand that our customers need to prepare for the new world, and we have been working tirelessly to ensure that our TVC Report was made available as soon as possible. This involved discussions with the FCA on the finer points of implementing the TVC. The inclusion of the Transfer Value Comparator has signalled a major change to the content of pension transfer analysis reports, and it was important to us to ensure that we did not release the new report until we were absolutely satisfied with the result.”
The TVC update forms part of O&M’s plans for further development during the remainder of 2018, which will be headed by the introduction of a web-based version of their Transvas Profiler software in Q4.