The need for speed: Can pension transfer innovation solve the savings gap?

Can pension transfer innovation help solve the savings gap?

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Pension transfers are set to hit two million a year within the next 12 months as pot follows member begins. That, Jon Gwinnett writes, is just one reason why the industry needs to get its house in order

The pension industry stands at a crossroads. There has been a revolution in the private pensions market following this year's Budget announcements and the workplace market is about to undergo the same experience because of auto-enrolment. Platforms have transformed the saving and investment space, bringing simplicity, administrative functionality, and placing advisers and clients at the centre of the proposition. Auto-enrolment and pension freedom are going to radically change the workplace market and private pension market. The pension transfer processes that support the industry wil...

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