Transferring Royal London plan to II SIPP

Aminatidi

Thank you 👍🏼 I wasn't worried just an observation after lots of transfers of ISAs and GIAs and now this how easy it seems to be to open an account as me without any actual physical "proof" of who I am at any point in the process.

Does make me wonder what a fraudster could get away with especially if I was someone who didn't login and check my accounts for months or years at a time.

If the RL policy not showing in the RL portal means the money should be with II already that is unbelievably quick.

I only submitted the request on 11th.

dunstonh

If the RL policy not showing in the RL portal means the money should be with II already that is unbelievably quick.

I only submitted the request on 11th.

The main insurers have really upped the game in recent years. Origo has certainly helped. RL on the ex Scottish Life side (which is aso the modern RL plans) are very quick. On the ex CIS side, they are very slow but are improving slowly.

Aminatidi

Seems it.

So whilst I'd be stunned if this actually was the case are you suggesting it might land in the II SIPP as soon as next week if the RL portal shows no policies?

dunstonh

https://forums.moneysavingexpert.com/discussion/comment/81884598#Comment_81884598

Indeed, it should. RL send the money and close the existing at the same time.

Aminatidi

And the cash is in the II SIPP today 👍🏼

Thank you very much for the insight - I'm sad enough I know what Origo is and roughly how it works but I'm still very pleasantly surprised by the efficiency.