Vitality savings plans
I've got an IFA client who has a number of clients invested in Vitality.
They want to get them out, and have told me that there is a June deadline on this, so they need to move fairly quickly to get everyone off the platform and onto the new one (Quilter has been mooted, with their WealthSelect MPS).
My question is, has anyone else had to deal with a mass migration from one company to another when the old company has closed to new business? Can it be done with a mailshot letter, or does advice have to be delivered to each and every client? Is there anything else that needs to be considered?
They're getting quite stretched and panicking a little bit so I want to try and help them as much as I can and make the transition as smooth as possible.
Any thoughts and suggestions gratefully received!