Myth: PSG SIPP have a duty to chase transfers

Truth: It is not the responsibility of PSGS to chase any transfers. This is something we are happy to do to assist. However, excessively chasing Transferring Schemes for updates in order to complete a transfer more quickly is not only counterproductive but pulls us away from our abilities to administer our clients schemes. Even worse, it can raise Red flags of a possible pension scam with the Transferring Scheme that could potentially either delay or jeopordise a transfer from completing.



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