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How long does it take to transfer my Penfold pension to a new provider?

Written by Elis

The time it takes depends on your new provider and how they request the transfer.

  • Origo transfers are usually completed within a few weeks, but can take up to two months

  • Manual transfers can take three months or more, depending on the provider

Some transfers can take longer if:

  • You’ve recently made a contribution. We’ll need to wait for any outstanding contributions and tax relief to reach your pension before we can transfer it

  • We need more information from your new provider. We may need to carry out additional due diligence checks before completing the transfer, which depends on how quickly the receiving provider responds.

  • We need to complete regulatory checks. These help protect your pension from scams and may add time to the transfer

In more complex cases, a transfer can take up to six months.

If you need your transfer completed by a specific date, we recommend starting the process as early as possible.

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