Transfers out - are trustees at a greater risk than they realise?

Stephen Richards and Julia Ward discuss the pressures trustees are under

clock • 3 min read
Transfers out - are trustees at a greater risk than they realise?

"With great power comes great responsibility" so the saying goes. The Pensions Ombudsman (TPO) seems to think so too.

A recent ombudsman determination on a transfer to a scam arrangement has shown, yet again, that failures by trustees in their due diligence or flagging of risks to members will result in the truste...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Law and Regulation

HMRC says administrators will need to continue to operate LTA checks

HMRC publishes guidance on LTA abolition process

Members who hold valid enhanced or fixed protections will be able to accrue new benefits

Jonathan Stapleton
clock 17 March 2023 • 1 min read
Nigel Peaple is director of policy and advocacy at the Pensions and Lifetime Savings Association

PLSA says regime stability needed after busiest pension budget since 2015

Nigel Peaple reviews the government’s Budget measures on pensions

Nigel Peaple
clock 16 March 2023 • 3 min read
Rosalind Connor says there may be some rowing back in the future

'Devil in the detail' - What lawyers say about 'complex' LTA abolition

‘Some rowing back’ may happen as framework is taken apart

Jonathan Stapleton
clock 16 March 2023 • 4 min read
Trustpilot