TISA

Labour will continue to push through developments on an automatic transfer system if it wins the next general election, it has been confirmed.

The first open standards electronic pension transfer has occurred between Cranfords and Hargreaves Lansdown.

Trust-based schemes and third-party administrators (TPAs) should adopt a common declaration process in order to reduce time and cost of transfers by up to 80%, Origo says.

E-commerce standards and services body Origo has extended its transfer facility Options Transfers to cover occupational schemes.

The Tax Incentivised Savings Association (TISA) Exchange (Tex) has launched a contract club of transfer providers to cut pension transfer times to no longer than six working days.

The Tax Incentivised Savings Association (TISA) Exchange (Tex) will establish a project to bring pension transfers within its scope.

Rachel Dalton looks at potential reforms of the transfer system for pot follows member

The Tax Incentivised Savings Association (TISA) is to develop guidelines helping firms deal with data around lost customers and unclaimed assets.

Industry bodies have provided the Department for Work and Pensions with a list of hurdles to the pot-follows-member system of automatic transfers for small pensions.

With the liftetime pension pot allowance set to decrease in a matter of weeks, Helen Morrissey asks how people can protect their nest egg and whether more needs to be done to highlight the changes.