Bringing pension transfers into the 21st CenturyRSS icon

Written by Professional Pensions

The industry has recognised the need to simplify and speed up transfers for some time. Research carried out by Professional Pensions over the summer found that two thirds of pension trustees and professionals believe the current system is not good enough. The main complaint is that there is no standard for members, administrators and trustees to rely on when dealing with transfers of pensions. Old technology, patchy regulation and the segmentation of the industry confuses all the parties involved.

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