Rachel Vahey: Walking a fine line on DB transfer restrictions

In force from 30 November

clock • 3 min read
Rachel Vahey: "In introducing this the Department for Work and Pensions has had to walk a fine line. The regulations have to be flexible enough to allow the ‘good transfers' to go ahead; they cannot risk bringing the transfer market to a standstill."
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Rachel Vahey: "In introducing this the Department for Work and Pensions has had to walk a fine line. The regulations have to be flexible enough to allow the ‘good transfers' to go ahead; they cannot risk bringing the transfer market to a standstill."

As fresh restrictions on DB transfers just came into effect, Rachel Vahey says being able to stop scams is an important step forward, but it cannot be done at the detriment of the pension transfer market...

A sobering thought for you: I have recently spent a lot of time talking about pension scams. This is partly the light the pandemic has shone on the problem, but there is also a growing focus from industry,...

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