Origo

Pension transfers have seen a 42% rise year on year, according to Origo.

Fidelity FundsNetwork and Skandia have completed the first electronic in-specie transfer of assets between two rival platforms - a key requirement of Retail Distribution Review (RDR).

Origo has launched a new RDR compliant dual-purpose Change of Authority (COA) form, and is set to roll out a signature-less COA process early in the New Year.

Delays in the in specie re-registration of SIPPs could lead to consumer detriment and is an issue the industry needs to address, says Paul Pettitt.

Technology and industry collaboration is now essential to ensure advisers can meet client expectations for fast and efficient service, says Paul Pettitt

Standard Life has become one of the first providers to begin moving its transfer process entirely online.

Origo, the eCommerce standards and services body for the financial services industry, has announced Cofunds, Fidelity, AJ Bell and Suffolk Life have jointed its pension transfer service.

Transferring clients' assets between organisations can be a major headache - often time consuming, frequently frustrating and possibly uneconomic.

Paul Pettitt, managing director of Origo, explains the basics of electronic servicing.

Paul Pettitt, managing director of Origo, says investing in technology is critical to survival in the market.