Halifax and Royal Bank of Scotland (RBS) have respectively topped the 2016 defined contribution and defined benefit league tables of pension provider times, published by Portafina.
The pension advice specialist's annual lists benchmark the time taken by different pension schemes to provide the basic information necessary to advise clients on areas such as pension freedom. This year, the analysis covered 9,137 requests for information made by Portafina on behalf of 6,423 clients to more than 700 different defined contribution (DC) and defined benefit (DB) pension scheme providers, over the period from 1 October 2015 to 30 September 2016. At 1.2 weeks, Halifax was - for the second year in a row - the fastest provider to give information about DC schemes . Slowest ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes