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

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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