10 key annuity companies sign to Origo’s Annuity Transfer Tracking service

10 annuities companies have signed to Origo’s recently launched Origo Annuity Transfer Tracking service.

The Origo Annuity Transfer Tracking takes real-time data from the Origo Transfer Service between pension providers and annuity providers, and enables advice firms to see the progress of their clients’ switch, by integrating with their back-office/CRM. This, Origo says, “avoids the need for chase-up calls to providers and can have a significant and immediate impact on time and resource cost savings for both provider and advice firm back-office staff”.

The companies now signed to the service include Canada Life, Just Group, Legal & General, Standard Life and Scottish Widows, Age Partnership, Hub FS, My Pension Expert, Pension Potential and Retirement Line.

Anthony Rafferty, CEO Origo, says: “Annuities rates have risen in the past few years, following the rise in interest rates, which has made annuities more attractive to advisers for their clients and driven up demand. This in turn has highlighted the clear need for advisers to have greater visibility of the transfers being made, if they are to provide the quality of service their clients now expect.

“Origo’s mission is to help the industry solve its pain points and help to improve the industry’s efficiencies, costs and service to end clients.

“The Origo Annuity Transfer Tracking service enables annuity brokers and advice firms to see the status of their clients’ transfers from pension to annuity within their back office, making for significant savings in time and costs of chase-up calls to providers. The transparency of the service means advisers can keep their clients updated, helping to deliver a better service to each end client.

“Unsurprisingly, the service has received considerable interest within the industry, reflected in these 10 key companies in the market adopting the service.”

Published on: 10 key annuity companies sign to Origo’s Annuity Transfer Tracking service - Professional Paraplanner