A mandatory requirement on providers to use Origo's Options Transfers service is among the suggestions for improving the efficiency of pension transfers.
Pension transfer specialist Origo is to launch an automated defined contribution (DC) bulk transfer service this autumn.
Paul Pettitt looks at where the industry is with re-registration of assets and where it could be by the year-end.
Pointon York is to use the Origo Options Transfer service on all pension transfer business it conducts.
Wrap Nucleus has selected Origo's Options Transfers solution to power its re-registration and asset transfer proposition.
Pension transfers have seen a 42% rise year on year, according to Origo.
Fidelity FundsNetwork and Skandia have completed the first electronic in-specie transfer of assets between two rival platforms - a key requirement of Retail Distribution Review (RDR).
Origo has launched a new RDR compliant dual-purpose Change of Authority (COA) form, and is set to roll out a signature-less COA process early in the New Year.
Delays in the in specie re-registration of SIPPs could lead to consumer detriment and is an issue the industry needs to address, says Paul Pettitt.
Technology and industry collaboration is now essential to ensure advisers can meet client expectations for fast and efficient service, says Paul Pettitt