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"
Image:

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...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Pension Schemes Bill, DWP Virgin Media legislation and TPR endgame options guidance

Professional Pensions
clock 06 June 2025 • 1 min read
News Digest: The mounting pressure on bond markets

News Digest: The mounting pressure on bond markets

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

Professional Pensions
clock 06 June 2025 • 1 min read
TPR to launch strategy to drive up standards of trusteeship

TPR to launch strategy to drive up standards of trusteeship

Watchdog says strategy will bring trusteeship ‘into line’ with other professions

Jasmine Urquhart
clock 05 June 2025 • 1 min read
Trustpilot