When you were at Company A the pension was provided by Lifesight, but on moving to Company B you were signed up to a Nest scheme. It blamed the delay in part on the fact Lifesight does not use Origo, an electronic pension transfer platform used by many firms. 'New regulations, which came into force in December 2021, require additional checks to be undertaken when completing a pension transfer. A few days later, Lifesight's pension scheme administrator, WTW, got in touch to say it received the bank details - and your pension had finally been transferred. A spokesman for WTW said: 'We always try to complete pension scheme members' transfers as quickly and efficiently as possible.

Source: Daily Mail May 23, 2024 13:17 UTC