May 10, 2022
PASA's defined benefit guidance on transfers aims to improve administration while helping the war against pension scams
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Pensions analysis: The Pensions Administration Standards Association (PASA) has published good practice guidance on defined benefit transfers. The guidance sets out principles for trustees and administrators to follow. The aim is make the transfer process faster, safer and more efficient. Richard Evans, partner at Mayer Brown, examines the new guidance and some of its potential implications.