THOUSANDS of savers in major pension providers may be hit with a delay to retirement due to a huge transfer failure, The Sun has learned.
According to sources at three major pension firms, some of the UK’s top providers have been failing to tell customers that they would be giving up a “protected pension age” by switching pension schemes amid confusion over who is responsible.
Some pension schemes have a ‘protected pension age’ for certain membersThe Normal Minimum Pension Age (NMPA) is currently 55...