Digital platform providers dub pension transfer system ‘not fit for purpose’

12 March 2026

The pension transfer system is “not fit for purpose” and risks undermining the potential economic benefits of digital pension platforms, according to a new report from a coalition of digital platform providers. AJ Bell, Freetrade, Hargreaves Lansdown, Interactive Investor, J.P. Morgan Personal Investing, Moneybox, Monzo, PensionBee and Vanguard have commissioned a report exploring the...