A petition calling for a 10-day pension switch guarantee has attracted more than 2,000 signatures in its first two weeks.

The petition was launched to the public on 4 August.

Launched by retirement specialist PensionBee, it urges the government to introduce a legally enforceable 10-day pension switch guarantee.

The firm said millions of consumers try to take control of their retirement savings every year but find themselves blocked from moving their money by outdated processes, unnecessary red tape and excessive delays.

It said transfers that should take days often stretch into weeks or even months, with savers left in the dark about where their money is and when or if their transfers would go through.

The petition is part of PensionBee’s wider 10-day pension switch guarantee campaign, which aims to modernise pension transfers and give savers more control over their retirement savings.

The company said the growing support comes as momentum builds across the industry following the FCA’s announcement of its review of pension transfers. It said that reflects a growing appetite for change, as policymakers, providers and consumers alike recognise that slow and opaque switching practices are no longer fit for purpose.

Lisa Picardo, chief business officer UK at PensionBee, said: “The strong response to our petition shows that the public is united in calling for change. Too many people face long and frustrating waits when trying to take control of their pensions, and that simply isn’t good enough in 2025.

“A 10-day pension switch guarantee would give savers the confidence and clarity they deserve, helping more people prepare for a secure retirement. We’re delighted to see thousands already backing this important cause, and we urge even more people to add their voices.”

The petition will remain open until 26 January 2026. If it reaches 10,000 signatures, the Government will be required to issue a response. At 100,000 signatures, the issue will be considered for debate in Parliament.

• To sign the petition to “Legislate to mandate offer of electronic pension transfers and higher standards” visit here.