Pension transfer volumes up 64% - Origo

Origo Transfer Index

Ayesha Venkataraman
clock • 1 min read

Pension transfer times remained steady between 1 July 2021 to 30 June 2022, despite transfer volumes rising by 64% in the last 12 months as compared to 2018, according to Origo’s latest Transfer Index (OTI).

The financial technology firm's transfer index also highlighted that pension transfer times decreased to 13.3 days for the latest period, slightly faster than the 13.5 days recorded for the 12 months to end of March 2022. Anthony Rafferty, CEO Origo said: "Pension transfer times as measured by the Origo Transfer Index, have suffered since the beginning of the pandemic but since October 2021, the average transfer time across the OTI has stabilised, at a little over 13 calendar days, although many are carried out within minutes. The Origo Transfer Index measures both overall times, whic...

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 Pensions

Failed Hartley Pensions clients face months-long SIPP transfer document delays

Failed Hartley Pensions clients face months-long SIPP transfer document delays

Frustrated client notes that communications were promised from April to June

Isabel Baxter
clock 29 August 2024 • 3 min read
British Steel pensions transfer advice debacle in numbers

British Steel pensions transfer advice debacle in numbers

‘The FCA continues to pursue those who gave poor advice’

Isabel Baxter
clock 29 July 2024 • 3 min read
SIPP clients remain comfortable taking risk at Hargreaves Lansdown

SIPP clients remain comfortable taking risk at Hargreaves Lansdown

Global equity funds dominating in SIPPs, Hargreaves Lansdown finds

Isabel Baxter
clock 10 July 2024 • 2 min read