Origo publishes provider pension-transfer time data

HL and Liberty SIPP slowest

Sophie King
clock • 2 min read

Origo has published the pension-transfer times of the members of its Transfer Service, highlighting the providers that are best and worst at enabling clients to move money away from their businesses.

The data, which covered 1 April 2018 to 31 March 2019, showed the average transfer time of each member when ceding money out of their businesses in the last 12 months. It also tracked the time between transfer request on the Origo transfer service to the receipt of transfer proceeds. Canada Life and NFU Mutual were the two quickest companies to complete transfers, spending an average of five days on the process overall, with MetLife close behind with an average of 5.8 days. Hargreaves Lansdown (HL) took the longest out of the firms that had their data published, taking almost a month ...

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