Pensions - Articles - Average pension transfer times speed up since new tax year

 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 July 1, 2024, to June 30, 2025, were down from the 11 days previously recorded at the end of March this year.

 Meanwhile transfer volumes and values were significant for the OTI group over the period, reaching upwards of 1.4m with a value just short of £58bn. The overall pension transfer time, which is skewed by more complex transfers where providers may need additional information, came in at 12.4 days.

 Those firms which publish their transfer times as part of the Origo Transfer Index make up over 90% of all completed transfers (by volume) in the 12-month period. The transfer service provided by Origo accounts for over 80% of all Defined Contribution pension transfers in the UK market.

 Anthony Rafferty, CEO of Origo says: “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. As we look ahead to the second half of 2025 and beyond, 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.”