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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Schemes keen for BPA insurers to offer improved communications, Aon finds

Schemes keen for BPA insurers to offer improved communications, Aon finds

Firm says trend for bulk annuity insurers to offer improved comms will continue into 2025

Holly Roach
clock 11 December 2024 • 2 min read
SPP: Use tax incentives to encourage greater pension scheme investment in UK

SPP: Use tax incentives to encourage greater pension scheme investment in UK

Survey finds 44% say offering schemes incentives could boost UK productive asset investment

Martin Richmond
clock 11 December 2024 • 1 min read
Trustee Sustainability Working Group launched in bid to accelerate change

Trustee Sustainability Working Group launched in bid to accelerate change

Committee aims to be ‘action orientated’ and plans early focus on climate change

Jonathan Stapleton
clock 11 December 2024 • 2 min read
Trustpilot