Steve Webb says as schemes may have to invest in systems to generate regular transfer values, offering valuable partial transfers shouldn't be too burdensome.
Royal London Asset Management (RLAM) has become the latest asset manager to sign up to the £217bn Local Government Pension Scheme's (LGPS) code of transparency.
The industry does not believe the government's proposed cold calling ban will impact on providers' confidence to contact members about the importance of savings.
This week's top stories include experts warning that trustees must act now on common and conditional data as the deadline approaches and calls for partial transfers DB transfers to be a right. Here are the top five.
Members should have a limited legal right to partially transfer their defined benefit (DB) scheme, according to a joint report from Royal London and LCP.
Experts have called on the government to clarify the relationship between state pension age increases and the age from when individuals can flexibly access their pension pots.
Some 40% of millennials plan to increase their monthly pension contributions next year, according to Royal London's recent analysis.
UK households have not stopped saving to go on a debt-fuelled consumer spending spree, according to research from Royal London, despite official figures revealing the savings ratio is at a record-low.
Royal London saw its group pensions new business grow to £2.5bn in the first half, compared to £1.9bn in H1 last year, according to its interim financial reports.
Some 96% of retired households had disposable incomes of over £10,000 by the end of the 2016 financial year (FYE), a significant rise from just 21% in 1977, according to the Office for National Statistics (ONS).