Petition · past parliament
Introduce a 10-day guarantee for safer, simpler and faster pension switching
Closed
351 signatures
What the petition asks
Pension firms can legally hang on to our money for six months if we request to change provider. They do it to earn more fees and often use delay tactics to deter us from switching. Consumers deserve better.
Let's get a 10-day pension switch guarantee so we can take back control of our money.
Let's get a 10-day pension switch guarantee so we can take back control of our money.
We deserve the right to move our defined contribution pension pots safely and easily between providers.
Pension firms that try to stop us from switching are preventing us from taking advantage of better and cheaper pension products. They are also exposing us to risks and scams.
A 10-day pension switch guarantee would require providers to respect our choice to switch quickly and safely.
Pensions are our money - we should be in control.
Pension firms that try to stop us from switching are preventing us from taking advantage of better and cheaper pension products. They are also exposing us to risks and scams.
A 10-day pension switch guarantee would require providers to respect our choice to switch quickly and safely.
Pensions are our money - we should be in control.
Timeline
| 20 Feb 2017 | Petition opened for signatures |
| 2 May 2017 | Closed to new signatures |
Key facts
Signatures
351
Status
Closed
Opened
20 Feb 2017
Closed
2 May 2017
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Source: the official petition page. Last checked 15 Jul 2026.