Two in five savers have had a 'difficult' pension transfer

PensionBee found 42% said the process was so difficult they would not attempt to transfer again

Holly Roach
clock • 1 min read
51% of savers cited some kind of difficulty with accessing support from their provider
Image:

51% of savers cited some kind of difficulty with accessing support from their provider

Two fifths of savers have a bad pension transfer story and feel that due to their experience, they would not attempt another transfer, according to PensionBee research.

The firm revealed 42% of savers who have previously tried to change pension provider found the transfer process "so difficult" that they have been put off attempting another. PensionBee also fou...

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: Would pre-97 rule changes lead to challenges for schemes?

Buzz: Would pre-97 rule changes lead to challenges for schemes?

Pre-97 indexation rules, trustee reliance on administrators and BPA volumes

Professional Pensions
clock 24 November 2025 • 1 min read
Independent Governance Group buys KGC Associates

Independent Governance Group buys KGC Associates

Entire KGC team to remain with the business, which will operate as an independent brand

Jonathan Stapleton
clock 24 November 2025 • 3 min read
News Digest: UK Budget's pensions tax raid to raise over £3bn

News Digest: UK Budget's pensions tax raid to raise over £3bn

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 24 November 2025 • 1 min read
Trustpilot