We seem to be drowning in consultations at the moment, but an important one has recently closed on the transfer conditions for occupational and personal pensions to help protect against scams. It is important because, at long last, trustees will have a tool in their armoury to stop dodgy transfers. Naturally, this new ability comes with the need for due diligence to check whether scam signs are present.
The proposed regulations will still need some judgement by ceding schemes, but they mean that trustees will no longer be obliged to pay a transfer they reasonably believe to be a scam, because the ...
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