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 [...]
“Options” speeds up annuity transfers
by Gill Montia
Story link: “Options” speeds up annuity transfers
The Association of British Insurers (ABI) has reported that the pensions industry’s “Options” initiative has cut the time taken for annuity transfers between providers to an average of just eight calendar days. The initiative, which has been operational for around three months, has been developed by Origo, the e-commerce standards and services body. It aims [...]
