How to overcome the challenges of pension transfers

Presented by

Ben Clacker, Associate and Administration manager – Barnett Waddingham

About this talk

Are you aware of the challenges surrounding pension transfers? During this webinar, our Administration Manager, Ben Clacker, will guide you through the key issues to look out for – and how to avoid them. The introduction of Freedom and Choice brought about an increased frequency of pension transfer requests. In addition, developments such as HMRC’s change to their QROPS listing, and the rise of pension scams, have impacted administrative due diligence requirements. Reflecting on high profile news stories, case studies and current developments, Ben will demonstrate how administration teams can act as the first line of defense and effectively mitigate the risk of transfers, protecting member’s benefits by implementing a comprehensive quality control frame work, practicing due diligence, and engaging with trustees. Ben will guide you through: •The impact scams can have on members’ benefits •Insight into the administrative challenges of pensions transfers •Examples of tactics scammers may use to defraud members’ benefits •The importance of quality administration when it comes to pensions transfers

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Barnett Waddingham is the UK’s largest independent provider of actuarial, administration and consultancy services.