Average pension transfer times improve over the quarter

Forster Life had the fastest transfer time, the Origo Transfer Index shows

Isabel Baxter
clock • 1 min read

Overall pension transfer times have reduced to 12.9 calendar days, down from 13.6 calendar days in June, the latest Origo transfer index has shown.

The overall figure includes transfers where a third party may be involved, such as where approval is required from trustees, and so the transfer is not fully in the provider's control. Additionally, ‘simpler' transfer times also have improved. The average time for the period was 10.6 calendar days, down from 11.5 calendar days in June.  Forster Life had the fasted overall transfer time at 5.3 days, while LV= had the slowest at 27.6 days. Other provides on the table included Aegon at 11.2 days, Aviva at 9.5 days, Canada Life at 10.6 days, Scottish Widows at 12.4 days, Quilter at 14....

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Isabel Baxter
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Isabel Baxter

News editor at Professional Adviser

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