Savers Complain Of Poor Pensions Transfer Experience

By Martin Croucher (September 7, 2021, 3:00 PM BST) -- Nearly half of British retirement savers say they have had a bad experience attempting to transfer their pensions to an alternative plan, according to a survey published on Tuesday — despite efforts by the industry and regulators to cut delays.

The poll found that 42% of people who have tried to initiate a transfer of their investments would think twice about making a similar attempt in the future.

The Financial Conduct Authority called on the investment market in 2019 to lower barriers that prevent people from shopping around and switching providers. But PensionBee, the retirement plan provider that carried out the survey,...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!