9th April 2018
Pensions Expert has reported on how Trustees are concerned about members being scammed out of their savings through risky pension transfers.
Jonathan Watts-Lay, Director, WEALTH at work, comments; “In some cases members might want to transfer simply because ‘my mate did it’” and adds, “Guidance can help to question a members decision.”
Watts-Lay stresses the importance of putting in place a process to support members, “Even if it’s just one person transferring.”
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