Figures show no improvement in pension transfer times

Origen's latest report on industry progress to speeding up transfer times shows it took and average of 11 days to transfer pension funds to a third-party annuity provider in the final quarter of 2009. The average time taken has remained static since Q2 2009, and was as low as eight days in the first quarter of last year. MGM Advantage continues to offer the quickest transfers, with an average of 6.4 days, slightly up from 6 days in Q3. Guardian was close behind MGM, with an average 7 day transfer, while Co-operative Financial Services was third fastest, providing money to annuity p...