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...

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