Providers have a duty of care to protect those transferring out of a pension, and must take care to check everything is being done correctly, according to LV= sales and marketing director for life and pensions Steve Lewis.
Speaking at today's Retirement Planner Forum, Lewis said providers should act as a checkpoint in the pension transfer process. He told delegates: "The situation we're in today with all these regulations,...
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected