Pension transfers: Industry must get its act together, says McPhail

Jenna Towler
clock

The pensions industry must work together to establish an efficient and consistent transfer method or risk having a poorer version inflicted upon it by the regulator, Tom McPhail has said.

McPhail, head of pensions research at Hargreaves Lansdown, said while "extracting consensus" among providers was challenging, it was essential all players work together towards a common goal. Sp...

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 Industry

Buzz: Is it a positive move the Pension Schemes Bill has passed into law?

Buzz: Is it a positive move the Pension Schemes Bill has passed into law?

Pension Schemes Bill, funded reinsurance regulatory requirements, and PASA accreditation

Professional Pensions
clock 05 May 2026 • 1 min read
WTW completes acquisition of Cushon following FCA approval

WTW completes acquisition of Cushon following FCA approval

Transaction means WTW now manages more than £30bn of master trust assets

Holly Roach
clock 05 May 2026 • 1 min read
Public voice must be heard when it comes to future pension reform, report says

Public voice must be heard when it comes to future pension reform, report says

Cross-industry group calls for the introduction of a citizens’ assembly on future of UK pensions

Martin Richmond
clock 05 May 2026 • 5 min read
Trustpilot