Quilter

Industry urges government to eliminate obstacles holding up genuine transfers

25% of pension transfer assessments in Q1 2023 raised red flag scam warnings

155,092 members pushed out of the scheme in eight months

DWP urged to implement changes to AE to address retirement income shortfalls

Aegon, Fidelity, and AJ Bell are also among the top ten

Some £45m was repaid to individuals in the final quarter of 2022 alone

Review aims to assess the quality of outcomes consumers are getting

Quilter analysis of PLSA data finds comfortable retirees need an annual income of £26,000

Data from Maps shows the reasons for majority of amber flags were unclear

Institute says reforms could raise revenue and reduce income tax avoidance