AJ Bell and Parmenion have decided not to sign up for The Platforms Association’s (TPA) transfer charter launched in June.
Last week, TPA revealed the firms that had signed up for its transfer charter. However, big players, including AJ Bell – a member of TPA – and Parmenion, were missing from the list. AJ Bell said: "As context on our position, AJ Bell has long campaigned for more efficient pension transfers and has worked closely with TPA on developing the transfer charter. "We are currently reviewing the proposals and will provide an update in due course." Following the list of firms who had signed up, TPA said that by endorsing the charter, the industry is demonstrating its determination to work...
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