XPS Pensions Group has the slowest pension transfer time on average, while Now: Pensions and Phoenix Life are two of the priciest providers, according to research by PensionBee.
PensionBee analysed a sample of 7,292 transfers to its platform and discovered the firms responsible for the slowest average transfer times and which providers have the biggest charges and exit fees. PensionBee found XPS Pensions Group - formerly Xafinity - had the slowest average pension transfer time, with an average of 52 days. Aon Hewitt and Towers Watson fared somewhat better, taking an average of 41 days per transfer, while Mercer took an average of 44 days, and Now: Pensions 45. The frontrunners for speed included Aviva, Scottish Widows, B&CE, Canada Life and Pheonix Life, w...
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