Dean Wetton Advisory (DWA) has expanded its offering with the launch of a risk transfer, bulk annuity and consolidator advice service.

The firm also announced the expansion of its defined benefit (DB) services to offer buy-in and buyout services to trustees and pension schemes of all sizes.

The expansion means DWA can now assist pension schemes in determining which bulk annuities or commercial consolidators are suitable for them and help broker the best deal.

According to the firm, this will help to “prioritise the interests of clients over the rigid requirements of insurers".

It said insurers traditionally had a “take it or leave it” approach to selling bulk annuities due to a 'mismatch' between supply and demand.

However, DWA added that in an evolving market with new providers emerging, it can help pension schemes leverage increased client power to secure better outcomes.

DWA managing director, Dean Wetton, commented on the launch: “At DWA, we acknowledge the complexities involved in managing the pension risk transfer process and the importance of protecting our clients’ interests.

"With our expert project management, we ensure smooth transitions and provide comprehensive support throughout the buyout process.

"Partnering with DWA means benefiting from our rigorous and client-centric approach, underpinned by our deep knowledge in private market assets.

"This allows us to focus on what benefits our clients over insurer requirements. As the market continues to shift, we are positioned to set new standards for excellence and client satisfaction.”

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