PensionBee petition for 10-day switch guarantee passes 2,000 signatures

More than 2,000 people have signed a petition calling for a 10-day pension switch guarantee within two weeks of its launch, according to PensionBee.

The petition, which opened to the public on 4th August, urges the Government to introduce a time-bound standard for pension transfers, bringing the process in line with faster switching arrangements already established in banking and savings.

Currently, savers can face delays of several months when moving retirement pots between providers, often with limited visibility on progress.

PensionBee said this lack of clarity deters people from consolidating old pensions, creating a barrier to greater control over retirement planning.

The campaign comes as the Financial Conduct Authority last week announced a review of pension transfers, reflecting wider industry appetite for reform.

The petition will remain open until 26th January 2026.

If it secures 10,000 signatures, the Government will be required to issue a response, while 100,000 signatures would trigger consideration for debate in Parliament.

Lisa Picardo, chief business officer UK at PensionBee, said: “The strong response to our petition shows that the public is united in calling for change.