Standard anger at switch rule delay

Pow, Helen
September 2009
Money Marketing;9/17/2009, p8
The article focuses on the criticism of Standard Life Insurance Co. to the British government for the delay of regulations that will allow pensioners to keep their contribution history when they change providers. The company has not received any response from the government since July 2009, and has been cautious with the backlog of transferees. According to Treasury Financial Secretary Stephen Timms, consultation with the industry has to be made to draw up regulations in addressing the problem.


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