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Not-for-profit FinTech company Origo says it is able to facilitate the transfer of pensions from defined benefit (DB) schemes to defined contribution (DC) schemes via its award-winning Options Transfers service.
Origo has signed another seven SIPP providers to the Options Transfers service in the space of four months.
Difficulties in delivering a pensions dashboard by the Government’s 2019 deadline are not as great as they might seem and the industry is already making significant progress towards implementation, says Paul Pettitt, Managing Director Origo
Origo encourages industry uptake of electronic in-specie pension transfers
Changes agreed this month between a cross-industry working group of personal pension providers and platforms will help make pension transfer processing simpler and faster, thereby improving the end consumer’s experience.
Total value of pension transfers up by £2bn from April to October 2015.
Origo, the eCommerce standards and services body for the financial services industry, has signed its 75th brand to the Options Transfers service.
Origo is launching the Origo Integration Hub - a major initiative enabling platforms and adviser software suppliers to quickly, easily and cost effectively integrate with their trading partners.
Origo’s Pension Register Service will provide an index as to ‘who holds what and where’.
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Origo is delighted to announce that it is officially launching its Options Bulk Transfers service to the market on Monday