TeX Reaction to FCA’s Pension Transfer Finding
TeX welcomes FCA’s pension transfer finding, which ‘shines a light on the progress made’, but notes challenges ahead to improve the process for consumers. Commenting on today’s publication of the FCA’s multi-firm review of life insurers’ pension transfer process, Nigel Jacques-Pettinger, Executive Director of TeX, said: “We welcome today’s findings, which shine a light on the […]
TeX Leads Industry-Wide Upgrade to Transform Transfers System
TeX (TISA Exchange), the member-led organisation driving automation in the transfers industry, has successfully coordinated a major upgrade to the UK’s transfer system. Over 400 organisations transitioned to the latest messaging framework, MPNov24, over the weekend of November 23rd/24th, transfer activity was paused to ensure a seamless switch. By 8 a.m. on Monday, November 25, […]
TISA Exchange (TeX) Calls for Low-Cost “Pot for Life” Data Exchange Framework Following Autumn Statement
TISA Exchange (TeX) has today announced a new project to ease the exchange of pension data among involved parties in response to the recent Autumn Statement. The initiative follows Chancellor Jeremy Hunt’s announcement of plans to consult on a “pot for life” lifetime pension framework designed to reduce the build-up of small, legacy workplace pensions, […]
The ViaNova Working Group and TISA Exchange (TeX) complete first of its kind pension transfer, paving the way for future automated transfers
The ViaNova working group and TISA Exchange (TeX) have completed a first of its kind pension transfer with WTW. The transfer was the first ever for DC Occupational Pension schemes and the whole process for the ceding scheme took 6 working days – a significant saving compared to the usual 6-8 weeks’ transfer time. Early […]
The ViaNova Working Group launches initiative to automate pension transfers in partnership with TISA Exchange (TeX)
The initiative will combine open standard solutions with a common legal framework to streamline transfer processing The pilot seeks to reduce costs and risks associated with pension transfers The Covid-19 pandemic has accelerated the transition to automated processes, demonstrating both the need of automated services and the benefits to both industry and the end customer […]
TeX reaction to FCA Platforms Report
Tom McPhail announced as Founding Chair of STAR Steering Group
STAR launches new website www.joinstar.co.uk at TISA Annual Conference
Investment, savings and pensions industry announces long term solution to improving customer experience of transferring between companies
Criterion and TeX propose landmark collaboration to support TRIG framework