The timeframe for transferring a SIPP (Self-Invested Personal Pension) can vary based on several factors, making it difficult to provide an exact duration. However, here’s a general guide to what you can expect:
Cash Transfers: These typically take around 2 to 3 weeks to complete.
In-Specie Transfers: Transfers involving assets (e.g., stocks or funds) rather than cash can take 4 to 6 weeks or longer, depending on the type of assets and their registrars.
The actual processing time is influenced by factors such as the complexity of the transfer, the type of assets involved, and the efficiency of communication between the transferring providers. While we aim to complete the process as quickly as possible, delays can sometimes occur due to factors outside our control, such as the counterparty’s processing times.
We recommend contacting your current provider for any additional steps required on their end to ensure a smooth transfer process. If you have questions or need support during the transfer, feel free to reach out to us.