How long does the money transfer take

dander

Hello, just looking for a bit of reassurance. I'm in the midst of transferring a pension from L&G to an AJ Bell SIPP. It all seems to be ticking over nicely, but I probably have access to almost too much information because I can see that L&G have now transferred the money out of my account there, but the AJ Bell account is empty.

Anyone know how long I'm likely to be in a situation where my money is in the ether and not in any account owned by me? It's making me nervous!

Roger175

I did something very similar last week from Hargreaves Lansdown to A J Bell. From the point the money left HL it took a day for AJB to send an email saying they had received the funds and that they may take one working day to appear on my account, however they were showing by the end of the same day.

dunstonh

L&G send the money to AJ Bell using BACs or cheque.   So, that is up to three days.   

dander

thank you so much - that's very reassuring. 

Roger175

dander said:

thank you so much - that's very reassuring. 

Yes, there's always that concerning bit in the middle when the funds don't appear on either platform!!

Sarahspangles

I moved a pot between the same providers last spring, it left L&G on 23rd (a Thursday) and was with AJB on 27th (a Tuesday)