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Our recent report suggests businesses need to operate more efficiently. Industry system integration may be holding back advisers’ use of automation and digital solutions.
Anthony Rafferty comments on the progress updates which was published. The report makes recommendations for improving the industry's pension, ISA and GIA transfers.
Origo has successfully scale tested 15 millions potential users for the Pensions Dashboard. The test looked at performance and stability of using the dashboard.
The UK has an opportunity to develop a word leading dashboard that could allow consumers to see all of their pensions in one place. At the same time, there would be greater control on who can get access to this data.
As advisers prepare for GDPR, there has been an increase registrations for the Unipass Securemail from Origo. This service allows advisers to send encrypted files to providers.
Origo has estimated that over 15 million users could access the Pension Dashboard to view all of their pensions. It is important that that the infrastructure copes with the anticipated usage.
Origo received specific mention in the keynote speech of Nicola Sturgeon, First Minister of Scotland, at the ABI Annual Conference earlier this year on the Pension Dashboard contribution.
The number of pensions being transferred over using the Origo Options Transfers Service has increased during 2017. The average transfer time has also come down to around 10 calendar days.
Industry needs Automated Pensions Re-registration to deliver better customer outcomes
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The Origo Options Transfers community is taking action to help further reduce transfer times for consumers.