Marvin OnumonuPension transfer times improved in 2025, with the Origo Transfer Index (OTI) recording an average of 10.2 days for simple transfers, down from 10.5 days in 2024.
Simple transfers accounted for nearly 90% of all moves on the Origo Transfer Service.
More complex transfers, which require information from third parties, averaged 11.4 days, compared to 12.3 days the previous year.
Transfer volumes increased as well, with 1.7 million transfers completed across the OTI group in 2025, up from 1.5 million in 2024.
The total value of transfers reached £75bn, rising from about £66bn previously.
Anthony Rafferty, CEO at Origo, said: “The pension industry has been dealing with more and more pension transfers in recent years as volumes increase.
“And there was also plenty of volatility around in 2025 created by unprecedented Budget speculation and unpredictable geopolitics.
“Against this backdrop, it’s really encouraging to see that pension transfer times have continued to speed up despite these ongoing pressures.”
Rafferty added: “All this means the sector is starting off 2026 in a really strong position to continue delivering fast turnaround times for transfers, even as we head into what looks set to be another busy year as advisers and clients prepare for major changes to IHT on pensions.
“While these new rules don’t come into effect until April 2027, it will be interesting to see if and how transfer volumes and values are impacted over the year as people consider their options.
“Nevertheless, we expect transfer times to hold up very well despite any challenges 2026 has in store.”
