Pension Transfer Delays

Pension Transfer Delays

Delays in the pension transfer process are leaving financial advisers with frustrated clients. While the Pension Transfer Protocol was introduced to improve customer experience and ensure that all transfers are carried out in a timely manner, some advisers are still experiencing long wait times. Here, we explore some of the reasons behind these delays and discuss the process.

Transfer Amber Flags

Transfer Amber Flags

Did you know that 44% of all pension transfers have an amber flag raised for ‘unknown’ reasons? This statistic paints a worrying picture for retirees who are looking to transfer their pensions. With so many uncertainties surrounding these transfers, it’s important to...