DWP should 'speed up' review of scam transfer rules, industry says

PP Buzz poll finds most of industry think rules around overseas investments need a rethink

Jasmine Urquhart
clock • 2 min read
Industry respondents have called for the DWP to 'speed up' its review of scam transfer rules
Image:

Industry respondents have called for the DWP to 'speed up' its review of scam transfer rules

The Department for Work and Pensions (DWP) should “speed up” a review of the rules of pension transfers and scam flagging, a Professional Pensions poll has found.

The majority (69%) of Pensions Buzz respondents said a review of the scams rules should be prioritised to avoid an increase in transfer times and disengagement from members, with just 17% disagreei...

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

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Industry

Nest publishes 2023/24 annual report and accounts

Nest publishes 2023/24 annual report and accounts

Government-backed master trust AUM grew to more than £40bn as at 31 March 2024

Martin Richmond
clock 13 December 2024 • 2 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

L&G endgame report, PPF 7800 Index, endgame targets, £370m buy-in, dashboards

Professional Pensions
clock 13 December 2024 • 1 min read
Disorderly net-zero transition will have 'severe' impact on scheme returns

Disorderly net-zero transition will have 'severe' impact on scheme returns

Ortec Finance says physical risks could ‘slash returns’ in UK pension fund portfolios

Holly Roach
clock 12 December 2024 • 1 min read
Trustpilot