The Association of British Insurers has warned that implementing the FCA’s platform switching changes by July will be “challenging.”

Capita is the fiftieth organisation to support the STAR initiative, which aims to galvanise the industry in its goal of improving the outcomes for individuals wanting to transfer their assets, such as pensions and investments.

XPS Pensions Group (XPS) has joined the STAR initiative.

A group of 30 firms and bodies, who are members of the STAR Steering Group met in London last week tasked with improving outcomes for consumers looking to transfer assets such as pensions of investments.