Pension savers 'at greater risk' after High Court transfer ruling

Royal London blocked suspect transfer

Jenna Towler
clock • 3 min read

Savers will be at "greater risk" from pension scams following a landmark High Court ruling which saw a provider's decision to block a suspicious transfer overturned.

The case, Hughes v Royal London, focused on a £9,000 pension transfer request made in 2014 to a new scheme. Royal London refused the request because it had concerns about the status of the scheme. Hughes' right to transfer was also questioned. Hughes took her case to the Pensions Ombudsman who ruled in favour of Royal London. However, the case was successfully appealed to the High Court. Legal experts say that the judgement, in favour of Hughes, could give rise to "further marketing of dubious schemes on the basis that the legal basis for declining transfers has been brought into q...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
 Be the first to hear about our events and awards programmes.



Already a Professional Adviser member?


More on Pensions

According to research from My Pension Expert, almost half of those surveyed (45%) believed the current financial crisis had negatively impacted their retirement strategy

Third of UK adults doubt government will restore pension security 

Action needed to protect retirees and pension savers, experts say

Julia Bahr
clock 25 November 2022 • 2 min read
Mark Devlin explains how to help clients avoid the MPAA

Spanner in the works: How to help clients avoid the MPAA

MPAA can reduce DC contributions to £4,000 a year

Mark Devlin
clock 24 November 2022 • 3 min read
PDP publishes updated pension dashboard standards

PDP publishes updated pension dashboard standards

Will consult on draft design standards this winter

Holly Roach
clock 21 November 2022 • 1 min read