The pension transfer market maintained its level of performance in Q2 2020 – the heart of the lockdown period – showing continued market resilience, according to Origo.
Data from Origo's transfer index (OTI), which measures the average time taken to cede a pension from one provider to another, found transfer times increased only marginally for the year to the end of Q2 2020. Origo's data for the 12 months to the end of March found the average ceding transfer time was 8.8 calendar days. For the year end of June 2020, this increased to 9.4 days. For simpler cases, the 12 month average to 31 March was seven days, and to the end of June 2020 was 7.3 days. Origo managing director Anthony Rafferty said the imposition of lockdown in the UK inevitably d...
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