DWP opts for network of registers to facilitate PFM transfersRSS icon

Written by Pensions Expert

In a guidance document published last week, the Department for Work and Pensions outlined the framework for the consolidation of members’ defined contribution savings through automatic transfers. Transfers will be facilitated through a network of “interoperable registers” that will hold information about all pots eligible for transfer rather than through a single centralised data point.

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