Single-day pension transfers rise but average completion time dips - Origo

Average transfer takes 11.9 days

Jenna Brown
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Anthony Rafferty: "With the end of the pandemic, we should see technology and automation of processes in particular, play a far more integral role in many more operations."
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Anthony Rafferty: "With the end of the pandemic, we should see technology and automation of processes in particular, play a far more integral role in many more operations."

More than £2bn in pension transfers was completed within a single day last year but the average length of time to complete a retirement fund shift marginally increased to 11.9 days, data from Origo shows.

Annual pension transfer data from the fintech firm also showed 64% of defined contribution (DC) transfers were ceded in under 8 days, and more than 52,000 (7%) were carried out within the same day, up...

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