DB schemes' 'slow' response time delaying pension transfers
DB schemes take 'up to three months' to respond
Members who request information on their assets in defined benefit (DB) schemes are being forced to wait up to three months for the facts, Portal Financial has said.
The at-retirement adviser said defined contribution (DC) savers were waiting for about five weeks for information. Its analysis covered 12,852 requests for information made by Portal Financial on behalf...
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