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Cash pension transfer completed in under 44 hours

  • 6 days ago
  • 1 min read

ViaNova has recorded its fastest cash pension transfer to date, with a transfer time of less than 44 hours.


The transfer was processed from instruction to completion entirely without friction, mostly thanks to the high-quality integration in place between many pension providers operating within the TeX framework.


Where schemes and administrators have invested in connecting to the open standards infrastructure, the results speak for themselves: transfers that once took weeks (or months!) now take days.


This record time sets a benchmark for what members should be able to expect, and functions as a demonstration of what’s possible when providers embrace open standards and automation.



 
 
 

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An independent web site provided by the ViaNova working group to encourage the adoption of a standard approach to electronic order processing in the UK corporate pensions industry.

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