PensionBee launches petition demanding 10-day limit on pension transfer delays
The petition warns that without urgent change, millions of savers will continue to face long waits, while weak providers benefit from delays and confusion.
PensionBee has started a national petition calling on the Government to introduce a legally binding 10-day pension switch guarantee.
The move follows ongoing frustration over slow pension transfers.
Customers often wait weeks or even months for their money to be moved, despite wanting greater control over their retirement savings.
The petition is part of PensionBee’s wider campaign to modernise pension transfers.
This comes after the firm published its Ending Pension Purgatory report, which looked at consumer experiences.
In an earlier report, PensionBee highlighted the best and worst pension providers for transfer speeds.
The petition warns that without urgent change, millions of savers will continue to face long waits, while weak providers benefit from delays and confusion.
Lisa Picardo, chief business officer UK at PensionBee, said: “In 2025, people can switch their bank account in a week and send money instantly – so why are pensions still stuck in the Stone Age?
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