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

More on Law and Regulation

TPR formally extends its oversight to professional trustee firms

TPR formally extends its oversight to professional trustee firms

Watchdog says move will help identify and mitigate any risks to pension savers

Martin Richmond
clock 02 April 2025 • 2 min read
FCA thinking on using pension pots for house deposits 'a welcome development'

FCA thinking on using pension pots for house deposits 'a welcome development'

Regulator ponders the merits of radical thinking on pension savings

Jonathan Stapleton
clock 01 April 2025 • 4 min read
Robin Ellison – Regulators in the firing line

Robin Ellison – Regulators in the firing line

PP’s regular columnist says the political forces are changing when it comes to regulation

Robin Ellison
clock 24 March 2025 • 11 min read
Trustpilot