The average time to complete a simple pension transfer fell to 10.8 working days in the 12 months to 30 June 2025, down from 11 days at the end of March, according to the latest Origo Transfer Index (OTI) data.
Nearly 90 per cent of transfers among OTI participants were classed as ‘simple’, with more than half completed in six working days or fewer. These transactions typically involve providers with greater control over straightforward asset movements.
The OTI group completed more than 1.4 million transfers worth just under £58bn during the 12-month period. The overall average transfer time, including more complex cases, was 12.4 days.
The OTI tracks performance across almost 30 providers, including most major firms. Together, they accounted for over 90 per cent of completed transfers by volume. Origo’s platform supports more than 80% of DC pension transfers in the UK.
Origo CEO Anthony Rafferty 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.”