Zurich has signed up to the recently published TeX standards for pension re-registration transfers - developed by the industry to simplify the process.

The company said advisers and their customers would benefit because the enhanced automation will increase overall efficiency and reduce the time it takes for pension re-registration transfers to complete to just two weeks.

Alistair Wilson, Zurich's head of retail platform strategy, said: "This is another important step in showing our commitment to the intermediary market and the importance we place on helping advisers do business more easily.

"This latest enhancement, alongside our existing Origo solutions will give our advisers access to a full product suite for placing re-registration or cash transfers onto our platform."

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Jeffrey Mushens, TeX finance director, said: 
"TeX is now the standard for re-registration of funds and stocks and shares Isas, with over 90% coverage among fund managers and platforms.
"Due to industry demand the scope of TeX was expanded to include pensions, and we're very pleased to see firms like Zurich lead the way in this important market."

The move follows Zurich's earlier announcement that Origo has been selected as its chosen provider for automatic re-registration – initially covering the transfer of funds in Isas and investment accounts.