Average pension transfer times dipped during 2024 while values grew

Origo data suggests overall pension transfer times took 12.3 days to complete last year

Martin Richmond
clock • 2 min read

The average pension transfer times fell in 2024 while total transfer values and volumes saw a year-on-year increase, Origo research has shown.

The latest data from the fintech's Transfer Index revealed in the 12 months to 31 December, the overall transfer time to account for the more complex transfers where providers may require additional information from third parties stood at 12.3 days. The index also found the simpler pension transfers took on average 10.5 days to complete. In addition, approximately half of all transfers were completed in under seven working days – standing at 6.7 days when accounting for the providers who had opted to share their data for the index. Origo noted last year saw a reduction in transfer tim...

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

How public sector pensions impact divorce proceedings

How public sector pensions impact divorce proceedings

'The ripple effects of the McCloud Remedy continue to be felt in divorce proceedings'

Vanessa Gardiner
clock 15 April 2025 • 5 min read
Pension freedoms and lessons from Down Under

Pension freedoms and lessons from Down Under

How the UK can build a more 'robust and supportive' system

Verona Kenny
clock 09 April 2025 • 4 min read
UK workers regret not learning about pensions sooner

UK workers regret not learning about pensions sooner

Over half admit to feeling out of their depth, research finds

Isabel Baxter
clock 08 April 2025 • 2 min read