Pension Transfer Delays Put Trust at Risk, Says New PensionBee Report

UK pension provider PensionBee is renewing its call for a legally enforced 10-day pension switch guarantee, warning that long delays and inconsistent processes are causing real harm to savers. Its latest report, Ending Pension Purgatory, reveals that nearly half of consumers found transferring a pension difficult, while three in five said delays were harming their ability to manage their retirement savings. The findings follow earlier research with financial advisers that uncovered widespread frustration with delay, with some transfers taking over a year, and a growing...