Transfer group STAR vows to 'galvanise' industry

'Good-practice targets'

Tom Ellis
clock • 2 min read

Some 30 members of the STAR Steering Group have met for their first meeting, during which they declared their intention to "galvanise" the financial services sector into action on transfer times.

The initiative, which was launched in November 2018, has set out to define the processes required to complete a transfer and specify good-practice targets for each of those processes. It has also said it wants to measure, recognise and accredit performance excellence across the industry. Members of STAR are "determined" to galvanise the industry into signing up to the initiative and its goal of speeding up the transfer of pension and investment assets between providers. It has previously called on the CEOs of companies to sign up to its initiative.  The problem of slow, painful and ex...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Platform service improvement: Why the industry needs a collective voice

Platform service improvement: Why the industry needs a collective voice

'As long as transparency is voluntary, it will remain selective'

Steve Nelson
clock 06 January 2026 • 4 min read
7IM's Lancaster: 2026 the year the transformation 'rubber hits the road'

7IM's Lancaster: 2026 the year the transformation 'rubber hits the road'

MD updates on programme and developments

Jen Frost
clock 06 January 2026 • 5 min read
Platforms have claimed their place at the core of investing

Platforms have claimed their place at the core of investing

'Platforms have been firmly in the middle of this proliferation'

Mark Sanderson
clock 05 January 2026 • 4 min read