Trade bodies team up to consult on investment transfers

Following a review process, the bodies have published a consultation paper and are seeking input from all stakeholders by 31 January 2017. The work has been undertaken by the industry in consultation with the Financial Conduct Authority, the Department of Work and Pensions and the Pensions Regulator. The proposals focus on both transfers and re-registrations of retail financial products covering a broad range of tax wrappers as well as the asset types held within them. "Enabling consumers to shop around and move between providers is fundamental to any competitive market," said chair o...