Pension transfer times have failed to improve, despite growing use of the Association of British Insurers' Options initiative.
Origen's latest report on industry progress to speeding up transfer times shows it took and average of 11 days to transfer pension funds to a third-party annuity provider in the final quarter of 2009....
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.