Annuity transfer times have been 'significantly' improved thanks to the ABI's Options initiative, the association says.
Most advisers are blaming the complexity of the pension transfer process for the length of time it takes.
The burden of regulation could scare adviser firms away from providing their clients with pension transfer advice, experts warn.
The Consulting Consortium (TCC) has announced it will offer a free pension transfer review to advisers.
The FSA has reminded firms of the complexity of DB pension transfer decisions for consumers, following evidence the number of direct transfers made without advice is increasing.
The Financial Services Authority has taken action against a Swindon-based IFA over failures in connection with providing pension transfer advice.