Tag archives: transfers

UK Pensions: Transfer processes – urgent action required before November 30, 2021, deadline

By Julia Chirnside on November 12, 2021 Posted in UK

The DWP has now finalised its new rules about statutory pensions transfers. The new rules place statutory obligations on trustees to examine most transfers in greater detail and give trustees significantly greater scope to say no to a member request to transfer their pension to another pension scheme. This is if they decide that certain … Continue reading

UK Pensions: Pension scams and amber flags: is the future orange?

By Sabrina English on September 17, 2021 Posted in UK

In recent years, many defined benefit (DB) pension scheme members have taken advantage of the ability to transfer their DB pension pots out of their schemes, to be able to access their money in different and more flexible ways. In practice, this often means a transfer to a self-invested personal pension (SIPP). However, the industry … Continue reading