Trustees hail transfer block powers despite lack of use

A majority of the industry believes it was right to give trustees the ability to halt transfers

Hope William-Smith
clock • 2 min read
Trustees hail transfer block powers despite lack of use

Giving trustees the power to block defined benefit (DB) transfers should they hold concerns around their suitability last year was the right decision, the industry says.

It is now almost ten months on from the Department for Work and Pensions' (DWP) introduction of the enhanced powers, which allow trustees to block or pause transfers were there is potential scam ac...

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