Transfer changes 'a start, not the finish line', industry says

Clear and practical guidance ‘essential’ to apply the new framework consistently and with confidence

Jonathan Stapleton
clock • 4 min read
Margaret Snowdon: The key challenge will be getting the balance right - removing unnecessary delays for legitimate transfers while maintaining the protections needed to prevent fraud and protect savers
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Margaret Snowdon: The key challenge will be getting the balance right - removing unnecessary delays for legitimate transfers while maintaining the protections needed to prevent fraud and protect savers

Changes to the 2021 pension transfer regulations are a step in the right direction but risk falling short of their objectives without clearer guidance for schemes and administrators, the industry says.

In its response to the government's proposals to amend the Occupational and Personal Pension Schemes (Conditions for Transfers) Regulations 2021, Pensions UK said the changes should help reduce unn...

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