Annuity transfer time down to 11 days

by Gill Montia

Story link: Annuity transfer time down to 11 days

The pensions industry’s “Options” initiative remains on track to significantly reduce the time taken for annuity transfers between providers. Latest performance data from The Association of British Insurers (ABI) show an average transfer time of 11 calendar days in the second quarter of 2009, compared to a 31 day industry average for 2008. However, the [...]