Pension transfers to be a ‘federated system’, DWP announcesRSS icon

Written by Pensions Age

The DWP has announced pension transfers will operate on a federated system rather than being centrally managed. The system, which will be facilitated by pension schemes rather than employers will initially operate on an opt-in basis before moving to an opt-out system later on. During phase one a limited number of schemes will take part so that the infrastructure can be tested.

Read full article

Press Releases