Origo publishes provider pension-transfer time data

HL and Liberty SIPP slowest

Sophie King
clock • 2 min read

Origo has published the pension-transfer times of the members of its Transfer Service, highlighting the providers that are best and worst at enabling clients to move money away from their businesses.

The data, which covered 1 April 2018 to 31 March 2019, showed the average transfer time of each member when ceding money out of their businesses in the last 12 months. It also tracked the time between transfer request on the Origo transfer service to the receipt of transfer proceeds. Canada Life and NFU Mutual were the two quickest companies to complete transfers, spending an average of five days on the process overall, with MetLife close behind with an average of 5.8 days. Hargreaves Lansdown (HL) took the longest out of the firms that had their data published, taking almost a month ...

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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Titan Wealth ex-employee faces trial over alleged harassment

Titan Wealth ex-employee faces trial over alleged harassment

Marian Okunola pleads not guilty to charges of harassment via emails

Sahar Nazir
clock 12 November 2024 • 1 min read
Campaign group calls on chancellor to address 'trust deficit' in financial services

Campaign group calls on chancellor to address 'trust deficit' in financial services

Ahead of Rachel Reeves’ Mansion House speech on 14 November

Isabel Baxter
clock 12 November 2024 • 3 min read
Half of advisers say AI beats ESG and regulation for future business impact - study

Half of advisers say AI beats ESG and regulation for future business impact - study

Nearly half of advisers believe AI will provide personalised insight and automation

Isabel Baxter
clock 12 November 2024 • 1 min read