The High Court is to rule on a suspected pension liberation case this month, which will giving trustees and providers more clarity on their ability to block suspicious transfers.
The Hughes v Royal London case challenges a decision by the Pensions Ombudsman made in June 2015. Hughes had complained to the Ombudsman that she had been blocked from transferring her Royal London pension pot to the Babbacombe Road 1973 small self-administered scheme. The complaint was not upheld because the Ombudsman, Anthony Arter, believed Royal London's concerns about the transfer were legitimate. Arter ruled Hughes did not have a statutory right to a transfer, and in the absence of a statutory right, Royal London was entitled to decide whether the transfer could be allowed. ...
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