Simpler pension transfers took an average of just 11 days to complete in the run up to the end of the tax year, new data from Origo has revealed.
Simple transfers relate to a company’s performance when they have more control over the process for relatively straightforward pension assets moving away from their business.
The figures for the 12-month period from April 1 2024, to March 31 2025, remain close to the 10.5 days previously recorded at the end of last December, before the industry headed into the crucial final few months of the fiscal year.
The overall pension transfer time, allowing for slightly more complex transfers where providers may need to rely on third parties for additional information, came in at 12.7 days.
However, Origo said half of all transfers also completed in seven working days or less.
This is despite significant transfer volumes and values within the Origo Transfer Index group over the period. Origo’s Transfer Index tracks the pension transfer times of almost 30 voluntary participants, including most of the big names in the industry
According to Origo, transfer volumes for the period reached 1.4 million, with a value of more than £57 billion.
Anthony Rafferty, CEO of Origo Group, said: “Tax year end is typically the busiest time of year for advisers, clients and providers alike, reflected by rising transfer volumes and pension transfer values over the period.
“Against this backdrop, we can see why pension transfer times have crept up that little bit in recent months but we would expect these to drop back down now that this busy period is behind us.
“Overall this is still good news for consumers who are mostly having their pensions transferred in close to 10 days and as an industry we should feel proud of that.”
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