Joanne Segars, chief executive of the National Association of Pension Funds (NAPF), said: “It is vital that incentivised transfers are handled responsibly and in the best interests of employees. There is no place for bad practice.People can’t be left facing a difficult retirement when they’ve spent years building up a pension.
“The NAPF’s members will have a central role to play in drawing up the new Code of Practice and in ensuring it is followed. We look forward to contributing to this work.”
