'Major issues': DWP must resolve pension transfer problems

Quilter presses DWP to take ‘urgent action’ over transfer delays

Jenna Brown
clock • 3 min read
Quilter head of retirement policy Jon Greer
Image:

Quilter head of retirement policy Jon Greer

Persistent problems with pension transfer regulations are causing headaches for savers and must be urgently resolved by the Department for Work and Pensions (DWP), Quilter has said.

A freedom of information (FOI) request from the business to the Money and Pensions Service (Maps) revealed thousands of pension transfers have been halted unnecessarily because of the regulations. ...

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 Industry

Industry responds to DC and LGPS changes confirmed in Mansion House speech

Industry responds to DC and LGPS changes confirmed in Mansion House speech

Concerns about fewer individuals making decisions, member returns and sustainability

Jasmine Urquhart
clock 15 November 2024 • 5 min read
Women in Pensions and Rising Star Awards 2024: Photos from the night!

Women in Pensions and Rising Star Awards 2024: Photos from the night!

The industry's best were celebrated in a glittering ceremony on 14 November

Professional Pensions
clock 15 November 2024 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Chancellor’s Mansion House speech, TPR DB Funding Code, Utmost enters BPA market

Professional Pensions
clock 15 November 2024 • 1 min read
Trustpilot