Pension Transfers
Pension transfer business dries up amid interest rate hikes
Values have plummeted making retirees think twice about switching
44% of pension transfer amber flags raised for ‘unknown’ reasons
Money and Pensions Service does ‘not appear to be proactively improving the data they are collecting’
Pension transfer values fall 25% in six months
As overseas investment amber flags continue to cause ‘unnecessary delays’
Retirees urged to not rush into a pension transfer
DB scheme members should be careful not to ‘panic buy’ in the assumption that values will fall
Watchdogs wade into pension transfer delay dispute
PensionBee accused some providers of using loopholes to delay or stop consumers moving their retirement pots

