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Evening Standard
Evening Standard
Vicky Shaw

Some pension savers giving up on transfers due to delays, says Which?

Which? said the pensions industry should ‘ensure a consistent service’ for those moving their retirement pots (PA) - (PA Archive)

Some pension savers are giving up on moving their pensions due to lengthy delays, according to Which?.

The consumer group said that while for some people there can be benefits to transferring or combining pension savings, such as lower fees or less admin, providers are permitted to take as long as six months to complete a transfer request.

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