EQ Retirement Solutions joins other major administrators and pensions providers such as Mercer, NOW Pensions, Capita, People’s Pension, L&G, NEST and Smart Pension in using the service for transferring cash between pensions or to annuity providers.
Anthony Rafferty, CEO, Origo, says: “We are delighted that EQ Retirement Solutions has joined the Origo Transfer Service, joining other major pension administrators as part of the Transfer Service community.
“It is important for consumers that as an industry we effect transfers as quickly, efficiently and securely as possible. Transfers of all kinds are coming under the Regulator's scrutiny, not least under the new Consumer Duty rules. Use of automated digital services is now the pre-requisite for providers in the industry.
“The Origo Transfer service enables pension providers, administrators and platforms to quickly, efficiently and securely transfer pension holders’ cash in a fraction of the time it takes to do so using paper-dependent systems. Those providers that have not automated and are still using slow, paper-based systems, risk falling foul of the new regulations.”
ENDS
For further information:
KGR Media Services
Rob Kingsbury
Tel: 07900 931 305
About Origo
- Origo is the fintech company dedicated to connecting the financial services marketplace for the benefit of everyone – boosting efficiencies, improving performance, and reducing integration costs, while significantly improving financial outcomes for consumers.
- In May 2022, Vespa Capital partnered with the Origo leadership team in taking the fintech independent, with the governance structure and support to invest in developing existing offerings and deliver new solutions for the pensions and wider financial services markets.
- Capgemini and Origo have been appointed to supply the core digital architecture for the Pensions Dashboards Programme (PDP) and will be working with the PDP to help deliver the service for the benefit of UK pensions holders. For more information: https://origo.com/origo-services/pensions-dashboard/
About EQ Retirement Solutions
EQ Retirement Solutions is part of Equiniti (EQ), a leading international provider of tech-enabled shareholder, retirement and remediation services. With over 6,500 employees, it supports 37 million people in the UK, US and across the globe. EQ’s purpose is to care for every customer and simplify every transaction, whilst lowering our impact on the environment