PensionsDec 9 2024

High levels of pension transfers halted for unknown reason

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High levels of pension transfers halted for unknown reason — © Pexels/ Maitree RimthongThere were nearly 16,000 transfers raised for an unknown reason

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Four in five pension transfers have been halted by an amber flag for an unknown, or potentially low risk, reason in the past three years.

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Department for Work and Pensions