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
Image:

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...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

DWP launches consultations on GMP conversion regs and fixed rate revaluation levels

DWP launches consultations on GMP conversion regs and fixed rate revaluation levels

DWP seeks views on draft GMP conversion regs and revaluation rates for early leavers

Jonathan Stapleton
clock 03 September 2026 • 2 min read
HMRC clarifies information sharing for IHT on pensions

HMRC clarifies information sharing for IHT on pensions

Second technical note sets out process for scheme administrators within customer journey

Alex Levy
clock 28 August 2026 • 2 min read
Pension consultants call for greater awareness as scale of IHT change burden becomes clear

Pension consultants call for greater awareness as scale of IHT change burden becomes clear

Consultants expect significant operational challenge as reforms come in

Alex Levy
clock 21 August 2026 • 6 min read
Trustpilot