Impacted by CP23/24? Wondering how exposed you are to past DB transfer advice?

With the FCA’s response to its consultation on CP23/24 due any day now and the rising mergers and acquisition activity amongst IFAs, how certain are you that you can accurately assess your potential Defined Benefit (DB) redress liabilities?

With Sunrise from Broadstone you can.

Launched in June 2024 – the first of its kind - Sunrise is a truly groundbreaking service offering clarity to those exposed to past DB transfer advice mis-selling claims.

· IFA’s who will need to consider how best to comply with CP23/24;

·?Anyone considering the purchase of a firm with a back book of past DB transfer advice; and,

·?Providers of professional indemnity insurance exposed to DB transfer advice risk.

Our innovative service will allow you to gain an understanding of your exposure quickly through using a handful of data points for each consumer – all data that you are likely to hold already.?

Whether you are looking to understand the liabilities in a potential acquisition or get a better feel for the impact of CP23/24, Sunrise will give you the confidence that you are on top of managing the risks in your business. Likewise, if your PI insurer needs to know the level of risk to which it is exposed, Sunrise will help you demonstrate that you are on top of this as well.

We are the leading provider of redress support. With over 30 years in the business, we understand what you need. Our team of actuaries can help you with your governance and risk management of redress liabilities.

We have developed Sunrise so you can get up-to-date assessments on your exposure quickly. We will guide you through the data requirements and provide you with a formal actuarial report, fully compliant with actuarial standards, so that you can have assurance of our robust, actuarial, approach to your assessment.

The data requirements for Sunrise are not as daunting as you might think. Get in touch and we can talk you through the process.