Transfers: Will Consumer Duty be the STAR of the show?

The defined benefit pension transfer market has been rapidly evolving

clock • 4 min read

Wealth management providers will likely need to re-think how they manage transfers with the advent of Consumer Duty, writes James Norton

The transfer market has been a rapidly evolving space in the financial services industry over the past few years. From Covid-19 forcing the change to e-signature, and even signatureless transfers to fintech entrants paving the way on automated services and a continued use of leading software providers to enable electronic transfers. In this technologically driven market, all these factors point strongly towards providers being able to offer an increasingly higher level of service, right? Yet most advisers and administrators would likely cite transfers as the most frustrating day-to-da...

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

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Transitional tax-free amount certificates – what, who, when and how

Transitional tax-free amount certificates – what, who, when and how

Regulations came into effect from 6 April 2024

Martin Jones
clock 28 January 2025 • 4 min read
'Persistent' pensions gender gap to become more 'acute', MPs told

'Persistent' pensions gender gap to become more 'acute', MPs told

Industry says issues are becoming more ‘acute’ for younger generations

Martin Richmond
clock 23 January 2025 • 5 min read
Financial heavyweights join forces against chancellor's IHT/pension plans

Financial heavyweights join forces against chancellor's IHT/pension plans

AJ Bell, Quilter, Hargreaves Lansdown and Interactive Investor CEOs send joint letter

Jenna Brown
clock 22 January 2025 • 2 min read