A common governance body for pension transfers is needed to overcome the problems that currently exist, as the industry is “doing spectacularly badly”.
Origo, an e-commerce standards and services body for financial services, has gone live with what it says is the industry's first automated system for re-registration of pension assets.
E-commerce provider Origo has today published an independently-researched White Paper highlighting how the complexities of the Sipp transfer processes are hindering service to financial advisers and potentially risking the reputation of the Sipp market.
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