MD Pension Solutions launches marketing toolkit

Nia Williams

March 29, 2010

The marketing toolkit has been designed to help brokers promote a pensions referral business to their clients therefore effectively exploiting more opportunities to help boost incremental revenue streams.

The pension’s specialist will work closely with its introducer partners to ensure that the additional marketing support on offer is fully compliant and can be tailored to a firm’s specific requirement.

MD Pension Solutions referral service comes with the added guarantee that it will not cross-sell to the brokers valuable client base ensuring that the only advice received by their client is the requested specialist pension advice.

MD Pension Solutions has recently made the transition from multi-tied adviser to IFA in order to strengthen its choice of pension providers to support growing levels of mortgage broker referral business.

The switch to IFA status further expands MD Pension Solutions range of providers to ensure it can offer an even greater array of pension requirements. This will result in long term benefits for introducers through potentially higher commission levels and for their clients who will have greater access to niche providers and products if applicable.

It specialises in personal pension transfers but is also experienced in annuities, SIPPS and regular contribution plans in addition to a raft of other offerings. It will also pay 1.5% of the transfer amount to the broker and 11% of the first year’s contributions on a regular plan.

The pension’s specialist is fully FSA regulated and operates to the strictest of professional standards. The senior management have many years experience in the intermediary market and fully understand what is required in relation to service, commission and transparency. The FSA’s TCF ethos is fully embraced within all aspects of the proposition. Processes have been specifically designed to not only adhere to TCF guidelines but also to ensure they are at the very heart of company.

Mark Clinton, director at MD Pension Solutions, added: “We developed our marketing toolkit as a result of feedback from our introducer partners who made it clear that they needed greater support in communicating the benefits of pension transfers to their clients. We are all aware of the current difficulties facing mortgage brokers and whilst the need for diversification is slowly being embraced, brokers are still not fully maximising referral opportunities for other financial services offerings. The potential of the pensions market remains huge and we are constantly looking at ways to support mortgage brokers to help them benefit from this sector.”

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