TPO publishes first decision on 2021 transfer regulations

TPO rules a trustee cannot be criticised for referring transfers it thinks are suspicious

Jasmine Urquhart
clock • 3 min read
TPO has not upheld a member's complaint about a transfer being delayed due to amber flags being raised
Image:

TPO has not upheld a member's complaint about a transfer being delayed due to amber flags being raised

The Pension Ombudsman (TPO) has published its first decision relating to the 2021 rules on transfer regulations – ruling that a trustee cannot be criticised for referring transfers it thinks are suspicious.

The decision referred to a member's complaint against the trustee of the Western Power Pension, which alleged that the Occupational and Personal Pension Schemes (Conditions for Transfers) Regulatio...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Law and Regulation

SPP: What is the ethnicity pensions gap and how can we address it?

SPP: What is the ethnicity pensions gap and how can we address it?

Shayala McRae says the real key to closing this gap will be more effective communication

Shayala McRae
clock 16 May 2024 • 3 min read
Former company director pleads not guilty to pension fraud charges

Former company director pleads not guilty to pension fraud charges

Defendant charged with two counts of defrauding his workers’ pensions

Martin Richmond
clock 09 May 2024 • 1 min read
The importance of pension comms being 'private and confidential'

The importance of pension comms being 'private and confidential'

Richard Bacon and Jeremy Goodwin look at the learnings from Farley v Paymaster

Richard Bacon and Jeremy Goodwin
clock 08 May 2024 • 4 min read
Trustpilot