Demand for pension reviews and transfers surged following pensions freedoms, but the pace has now returned to more sustainable levels. The impact on pension scheme trustees, specialist pension advisers and employee benefits firms, however, is still huge.

Selectapension has created a new bulk upload feature to their Defined Benefit transfer tool so that these firms can save hours of administrative time by importing all their client and scheme data in one go.   The facility automatically maps and pre-populates the required fields within the Selectapension Defined Benefit analysis tool, and a hundred client cases can be imported in less than a minute.

The tool has also been further enhanced to illustrate ceding scheme details in even greater detail, giving clients’ more granular information about their scheme benefits under review.

Andy McCabe, Managing Director of Selectapension says “we are the market leaders in the provision of Defined Benefit transfer software and will remain so with our investment and ongoing support of advice firms. Demand for advice on DB transfers will not evaporate any time soon’’.