Labour committed to automatic pension transfers if it gets in

Shadow pensions minister Gregg McClymont (pictured) assured the pensions sector that a Labour government would not scrap the plans if it gets into power after 7 May 2015. He said: "Automatic transfer systems - whether pot follows member or an aggregator system - are data transfer systems which face many common technical challenges and requirements. "A large amount of work is required on these common issues and this work will continue into the next parliament, regardless of who wins the next election. It should be clear to all industry participants that there is a political consensus f...