Pension transfer delays ‘needlessly’ hit tens of thousands of savers as DWP urged to take ‘urgent action’ ...Middle East

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TENS of thousands of savers have been hit by “needless” delays to their pension transfers because of Department for Work and Pensions (DWP) rules, The Sun can reveal. According to a freedom of information (FOI) request by wealth firm Quilter, shared exclusively with The Sun, 33,917 pension transfers have been delayed in the past three years because of the DWP rules – in many cases for no reason at all. Source: The Money and Pensions Service via an FOI requested by Quilter A pension transfer is where you move one of your pensions to another provider. You might want to transfer your pension to move to a scheme with lower fees or to put all your savings in one place, for ex

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Last updated : 06 Dec 2024 clock 06:05 PM

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Pension transfer delays ‘needlessly’ hit tens of thousands of savers as DWP urged to take ‘urgent action’ ...Middle East

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