The average pension transfer time has sped up since the start of the new tax year, despite volumes and values remaining high, according to the latest Origo data.
Simpler pension transfers took an average of just 10.8 days to complete.
Moreover, in the Origo Transfer Index Group, these simple transfers accounted for nearly 90% of all transactions and more than half of them were completed in six working days or less.
The figures for the 12-month period from 1 July 2024 to 30 June 2025, were down from the 11 days previously recorded at the end of March this year.
Origo’s Transfer Index tracks the pension transfer times of almost 30 voluntary participants, including most of the big names in the industry.
The quicker transfer times came despite volumes and values remaining significant for the OTI group during the period, reaching upwards of 1.4 million with a value just short of £58 billion.
The overall pension transfer time, which includes more complex transfers where providers may need additional information, came in at 12.4 days.
Anthony Rafferty, CEO of Origo, said: “Transfers are a positive story so far in 2025. It’s especially good to see average transfer times tick back down again after an extremely busy tax year end despite transfer volumes and values remaining high as we entered the summer months.”
Rafferty said going forward, pension providers, advisers and clients alike will have a lot to contend with given the changes to IHT rules around pensions on the horizon.
“It will be interesting to see if and how this starts to impact transfer volumes and any knock-on effect to turnaround times but the industry has got itself to a strong place from which to handle any unpredictability,” he added.
Main image: chris-liverani-HUJDz6CJEaM-unsplash
