Requiring pension freedoms users to transfer their funds into a workplace pension scheme could damage savings further, says Baroness Ros Altmann.
Schemes already face a legislative requirement to carry out transfers promptly and efficiently, so they should voluntarily get on board with the industry-developed solution, says Tom McPhail
This week's top stories include Amber Rudd remaining as work and pensions secretary, and the regulator carrying out seven criminal investigations into potential scams.
Pension transfers have passed the £60bn mark as more than a third of a million people access their defined benefit (DB) pots, a Freedom of Information (FOI) request has revealed.
Hargreaves Lansdown and Liberty SIPP have again been named as the slowest two providers to move pensions through Origo's Transfer Service.
British Steel financial adviser and former managing director of Active Wealth UK Darren Reynolds advised a group of people from the Trinity Mirror pension scheme to transfer out of their defined benefit (DB) pensions.
The vast majority of JLT Employee Benefits' clients have moved to the new equalised basis since the consultancy enabled pension schemes to calculate transfer values to allow for guaranteed minimum pension (GMP) equalisation.
The year-long gap between advisers falling off the FCA register and being included on the new directory could raise significant challenges for advised defined benefit (DB) pension transfers for a 12-month period.
Trustees should not suspend DB to DC pension transfer activity following the recent GMP equalisation ruling, say this week's Pensions Buzz respondents.
TPO finds Northumbria Police Authority guilty of maladministration; Gives 'new hope' to scam victims
A ruling by The Pensions Ombudsman (TPO) could mean past victims get redress if it finds trustees failed to alert members to pension transfer risks or did not perform mandatory checks.
Have your say: Will TPR's resource boost be adequate to take more forceful action against flagging schemes?
In this week's Pensions Buzz, we want to know if you think whether the regulator significantly boosting its staff for more visible and forceful action against flagging schemes will be enough, and whether it is focusing too much on the protection of DB...
The estimated transfer value quote for the average defined benefit (DB) member stayed fairly stable over November, according to Xafinity.
Scottish Widows and Standard Life recently completed the industry's first two automated bulk transfers of occupational schemes. Michael Klimes examines how automation reduces risks
Frank Field MP has said the £12.6bn deficit at the Universities Superannuation Scheme (USS) and the transfer advice individuals receive are topics which demand closer scrutiny.
The government's proposals to clamp down on pensions cold calling are still lacking in detail and it needs to be much clearer about how they will be introduced, says the industry.
This week's top stories included Tom McPhail calling on occupational pension schemes to get involved in a working group attempting to reduce delays in transfers.
Has had 'positive' dialogue with FCA
The sharp increase in transfer requests since the freedoms could breach activity triggers and incur extra transactional fees for some schemes, writes Michael Klimes
Occupational schemes and their administrators are lagging behind in their involvement in an industry-wide discussion on slashing transfer delays, Tom McPhail has said.
Proposals to modernise processes around transfers have received support but miss some key points, writes Michael Klimes
Transfer value analysis should be replaced with a comparison showing the value of the benefits being given up, the Financial Conduct Authority (FCA) says.
The number of defined benefit (DB) scheme members transferring to defined contribution (DC) has more than doubled in a year, Xafinity figures have shown.
The estimated defined benefit (DB) transfer value remained fairly stable in March, falling by just £2,000, despite expected volatility.
The government has confirmed in today's Budget that it will align the tax treatment of foreign and domestic schemes.