Origo calls for industry standards to speed up DB transfer process

The service provider said the transfer process was suffering from a disconnect between the information pension administrators consider is needed for a transfer value analysis (TVAS) report and the data IFA firms are requesting in order to advise clients. Advisers have been complaining that the three-month validity period for transfer values is often not enough to complete the advice process, due in part to schemes failing to provide sufficient information when first asked to do so. Meanwhile, research from Xafinity showed that by the beginning of the year the number of DB transfers ha...