Average transfer takes 11.9 days
Schemes and their administrators have rightly received much praise for ensuring that pensions have continued to be paid in full and on time during an unprecedented period of disruption.
The government’s focus on pensions dashboards and pension transfer times will require the industry to improve its data accuracy and administrative efficiency, says Anthony Rafferty.
Hargreaves Lansdown and Liberty SIPP have again been named as the slowest two providers to move pensions through Origo's Transfer Service.
The Salvus Master Trust has launched a mobile app for members after employers revealed they wanted their members to have more access to online tools.
The publication of DC to DC transfer time performance data sets a benchmark for trust-based schemes. Jonathan Stapleton reports.
As the consultation closes, the industry is supportive but the DWP still has a tough task ahead. Holly Roach reports on the issues it faces
The industry has welcomed the Department for Work and Pensions' (DWP) feasibility report into the pensions dashboard as a move towards improving member outcomes.
Senior decision makers from more than 20 major pension providers and administrators have come together to discuss how the pensions dashboard could be made a reality.
The government's announcement that it will support the industry in delivering the pensions dashboard has been met with mixed reaction, after months of uncertainty about the project's future.
Anthony Rafferty says that arguments against the dashboard, based on legacy data issues, ignore the power and good it can do for the younger generations
Stephanie Baxter says there needs to be a balance between rolling out the pensions dashboard as soon as possible and getting it right
DWP paper expected soon
Any pension dashboard will need to be able to cope with as many as 15 million people from day one, according to analysis by Origo.
Aviva has introduced Origo's bulk transfer service in a bid to speed up processes and further improve data security for schemes.
Scottish Widows and Standard Life recently completed the industry's first two automated bulk transfers of occupational schemes. Michael Klimes examines how automation reduces risks
Origo has appointed Aviva head of proposition Anthony Rafferty to succeed Paul Pettitt as managing director from 1 March 2018.
Has had 'positive' dialogue with FCA
Paul Pettitt will leave Origo next year after 28 years with the financial technology company that has played a key role in developing the pensions dashboard.
Origo has announced a new governance structure to provide a clear distinction between its 'standards and governance' services and operational services such as its £100bn Options Transfers service.
A prototype of the pensions dashboard has been demonstrated to government ministers on time, the Association of British Insurers (ABI) has announced.
Six firms chosen to work on pro bono basis
Over £100bn has been transferred by the Origo Options Transfers service since it started eight years ago, driven by rising demand since Freedom and Choice.
Technology firm Origo has confirmed it will facilitate transfers from defined benefit (DB) to defined contribution (DC) schemes via its Options transfer service.