DWP transfer regulations review must remove 'extra red tape'

Industry urges government to eliminate obstacles holding up genuine transfers

Martin Richmond
clock • 6 min read
DWP transfer regulations review must remove 'extra red tape'

The industry has welcomed the findings of the Department for Work and Pensions’ (DWP) review into the legislation governing pension transfer regulations but has emphasised there is more work to be done to improve efficiency and protect members from scams.

In its review of the Occupational and Personal Pension Schemes (Conditions for Transfers) Regulations 2021 - published yesterday (21 June) - the DWP pledged to work with industry bodies and The Pen...

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: Will pension buyout deals slow in 2026?

Buzz: Will pension buyout deals slow in 2026?

Buyout deals, TPR VfM proposal and DC investment in affordable housing

Professional Pensions
clock 26 January 2026 • 1 min read
News Digest: Pension buyout deals slow as big companies weigh retaining schemes

News Digest: Pension buyout deals slow as big companies weigh retaining schemes

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

Professional Pensions
clock 26 January 2026 • 1 min read
UK Pensions Awards 2026: Entries close today!

UK Pensions Awards 2026: Entries close today!

This year’s awards will be held on 11 June at The Brewery in London

Professional Pensions
clock 23 January 2026 • 3 min read
Trustpilot