DWP alerted to potential pensions transfer abuses

PensionBee issues warning over abuses of legislation

Martin Richmond
clock • 2 min read
Savova: "Providers must remember the impact their decisions have on consumers"
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Savova: "Providers must remember the impact their decisions have on consumers"

A number of pension providers are misusing their powers by delaying or blocking pension transfers, according to PensionBee.

In December, the Department for Work and Pensions established the Occupational and Personal Pension Schemes (Conditions for Transfers) Regulations 2021, enabling pension transfers to be blocked whe...

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