Origo Options cuts annuity transfer times by two thirds

Backed by 17 providers and the ABI, the Options service focuses on process improvement and an industry-wide data exchange for Open Market Option transfers. Participating providers, including Just Retirement, have seen the average time taken to transfer money on purchase of an annuity "reduced significantly". According to Just Retirement, the average time taken has been cut from 35 to 12 days, with some transfers now being completed within seven days. Recent research conducted by Just Retirement found 39% of advisers cited a simplified administration process as a driver for writing mor...