TPO publishes first decision on 2021 transfer regulations

TPO rules a trustee cannot be criticised for referring transfers it thinks are suspicious

Jasmine Urquhart
clock • 3 min read
TPO has not upheld a member's complaint about a transfer being delayed due to amber flags being raised
Image:

TPO has not upheld a member's complaint about a transfer being delayed due to amber flags being raised

The Pension Ombudsman (TPO) has published its first decision relating to the 2021 rules on transfer regulations – ruling that a trustee cannot be criticised for referring transfers it thinks are suspicious.

The decision referred to a member's complaint against the trustee of the Western Power Pension, which alleged that the Occupational and Personal Pension Schemes (Conditions for Transfers) Regulatio...

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 Law and Regulation

Budget IHT move a 'major adverse change' to the tax treatment of UK schemes

Budget IHT move a 'major adverse change' to the tax treatment of UK schemes

Fieldfisher calls for clarification over scope of death benefits subject to new regime

Jonathan Stapleton
clock 31 October 2024 • 2 min read
List: The DC and DB benefits being targeted for IHT purposes from 2027

List: The DC and DB benefits being targeted for IHT purposes from 2027

Treasury docs reveal the extent of plans to include pension death benefits in IHT regime

Professional Pensions
clock 30 October 2024 • 1 min read
PPF publishes s143 valuation assumptions consultation response

PPF publishes s143 valuation assumptions consultation response

PPF confirms ‘marginally overfunded’ schemes will be able to use discount rate for s143 valuations

Martin Richmond
clock 29 October 2024 • 2 min read
Trustpilot