Transfers: Will Consumer Duty be the STAR of the show?

The defined benefit pension transfer market has been rapidly evolving

clock • 4 min read

Wealth management providers will likely need to re-think how they manage transfers with the advent of Consumer Duty, writes James Norton

The transfer market has been a rapidly evolving space in the financial services industry over the past few years. From Covid-19 forcing the change to e-signature, and even signatureless transfers to fintech entrants paving the way on automated services and a continued use of leading software providers to enable electronic transfers. In this technologically driven market, all these factors point strongly towards providers being able to offer an increasingly higher level of service, right? Yet most advisers and administrators would likely cite transfers as the most frustrating day-to-da...

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 Pensions

Gender pensions gap grows to £113,000

Gender pensions gap grows to £113,000

Report finds more than a third of women are likely to face poverty in retirement

Martin Richmond
clock 18 November 2025 • 3 min read
The FOMO-fuelled run on the pensions bank – where the Treasury is the only winner

The FOMO-fuelled run on the pensions bank – where the Treasury is the only winner

'You can't build a savings culture on a foundation of uncertainty'

Matt Storey
clock 17 November 2025 • 5 min read
Chancellor's potential salary sacrifice plan: A 'high risk gamble built on low quality data'

Chancellor's potential salary sacrifice plan: A 'high risk gamble built on low quality data'

Govt reportedly considering introducing a £2,000 salary sacrifice annual cap

Joseph Warne
clock 14 November 2025 • 4 min read