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...

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