Origo launches bulk DC pension transfer service

The service will transfer member data between providers and administrators in both trust-based occupational and contract-based workplace pension schemes. This will occur in switching or consolidation scenarios. Current transfers are reliant on data sent on spreadsheets and manual administration, said Origo. This creates inefficiencies and impacts the security of the transfer, the firm added. Origo managing director Paul Pettitt said: "To rely on manual systems to transfer this level of crucial assets and data leaves all parties exposed to slow and disjointed processing and the d...