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Origo Managing Director Paul Pettitt comments on the growth in pensions transfers volumes seen through the Fintech company’s Options Transfers service.
Paul Pettitt, MD of Origo, comments on the appointment of the not-for-profit Fintech company to work on the Pensions Dashboard prototype
Options Transfers service has transferred over £100bn since it was launched in December 2008, delivering a substantially faster service and better outcomes to the end consumer.
Origo welcomes the publication of the Improving Pension and Investment Transfers and Re-registrations consultation paper.
The level of demand from consumers to transfer from DB to DC is increasing and this trend looks to continue
Origo firmly believes that Fintech and pension providers can help deliver a dashboard prototype for the March 2017 deadline set by Treasury.
Pension to SIPP and Pension to Pension transfers have risen significantly since the Pensions Freedoms were announced in March 2014, data from not-for-profit Fintech company Origo reveals.
The latest data from not-for-profit Fintech company Origo taken from the Options Transfers service, shows that 90% of pension transfers are completed in or under 14 calendar days.
What is the future of the pensions industry, and what are the changes that will impact on trustees, scheme administrators and many more? In this programme the PLSA explore how efficient data movement helps the industry and improves member outcomes.
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Not-for-profit FinTech company Origo says it is able to facilitate the transfer of pensions from defined benefit (DB) schemes to defined contribution (DC) schemes via its award-winning Options Transfers service.