McPhail: transfer pensions in seven days like bank accounts

Michael Klimes
clock • 1 min read

Pension transfers should take no more than seven days between providers according to Tom McPhail.

Speaking to PP, the Hargreaves Lansdown head of retirement policy said the industry needs to up its game and create the next generation transfer system. Transfer delays mean investors are less l...

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 Admin / Technology

'Persistent' issues with data remain, LexisNexis Risk Solutions says

'Persistent' issues with data remain, LexisNexis Risk Solutions says

Firm says regular screening is essential to build resilience and secure the best terms

Jonathan Stapleton
clock 21 November 2025 • 2 min read
PASA publishes further data guidance

PASA publishes further data guidance

Organisation has launched data quality guidance and a data improvement plan template

Holly Roach
clock 19 November 2025 • 1 min read
People's Pension launches digital pension finding tool

People's Pension launches digital pension finding tool

‘Pension Finder’ service will be free to use for its seven million members

Jasmine Urquhart
clock 14 November 2025 • 2 min read
Trustpilot