Thousands of savers have called for a legally enforced 10-day Pension Switch Guarantee as pressure mounts on the Department for Work and Pensions (DWP) to modernise pension transfers ahead of planned changes in 2026.
Campaigners argue that the pensions system lags far behind everyday banking, where people can switch current accounts within seven days and complete payments almost instantly. In contrast, many savers still face lengthy delays, manual paperwork and months of uncertainty when attempting to move retirement funds between providers.
