More savers than ever are moving their pensions, yet archaic transfer processes are causing significant delays and leaving people in limbo With a background in financial journalism across national ... Yahoo Finance: Pension system slammed as some savers forced to wait up to six months to transfer Lengthy delays are causing some pension savers to give up on moving their pensions, a consumer group has said. The benefits of transferring or combining pension savings include lower fees or less ...

Understanding the Context

Pension system slammed as some savers forced to wait up to six months to transfer MSN: Some pension savers giving up on transfers due to delays, says Which? 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 ... Some pension savers giving up on transfers due to delays, says Which?

Key Insights

Customers are getting a raw deal on in-specie pension transfers, according to one consultancy, which claimed it takes 10 times longer to transfer a pension in-specie than it does for a stocks and ... Pensions are the main source of income for older people in Europe. About two thirds of their income in the EU comes from public transfers, mainly state pensions and benefits. Despite this, people over ...