Pensioners have been issued a fresh warning following new analysis on transfer times. Data from My Pension Expert has revealed that the average waiting time to transfer a pension peaked at an alarming 28 days.

The independent retirement advisor analysed data from 5,163 pension transfer that it managed on behalf of clients in the 2023/24 financial year. It highlighted that it was a slight improvement from the 29-day average in the 2022/23 financial year, but was still “disappointing”. It also…