Hargreaves Lansdown still slowest on pension transfers - Origo

Transfers take an average of 8.8 calendar days

clock • 2 min read

Hargreaves Lansdown has again been named the slowest provider to switch pensions through the Origo transfer service, but overall transfer times have improved in the 12 months to 31 March.

The latest Origo Transfer Index revealed Hargeaves Landsdown took and average of 30.2 calendar days to transfer a pension between 1 April 2019 and 31 March 2020 , compared with 30.5 calendar days between 1 July 2018 and 30 June 2019. This is despite the fact Hargreaves Landsdown head of retirement Tom McPhail chairs STAR, the initiative "determined" to galvanise the industry into signing up to the initiative and its goal of speeding up the transfer of pension and investment assets between providers. Zurich Corporate Savings took the second highest amount of time to transfer pensions thro...

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

Canada Life to sell onshore bond business to insurance firm Chesnara

Canada Life to sell onshore bond business to insurance firm Chesnara

Strategic review prompts transfer as Chesnara expands life and pension portfolio

Sahar Nazir
clock 23 December 2024 • 1 min read
Happy holidays from Professional Adviser

Happy holidays from Professional Adviser

Regular newsletters and content will resume on 2 January

Jen Frost
clock 23 December 2024 • 1 min read
The state of financial vulnerability in 2024 and what 2025 holds

The state of financial vulnerability in 2024 and what 2025 holds

'Most firms are now heading in the right direction with their vulnerability processes'

Richard Farr
clock 20 December 2024 • 3 min read