Pension Lab has completed a pilot using existing pension transfer technology to validate Letters of Authority (LoAs) and return information to advisers digitally. The technology is based on open standards transfers, which Pension Lab said are currently used by more than 150 financial institutions. Scott Phillips, chief executive and founder of Pension Lab, said: “There is a real irony here. When using the right technology, transfers can be completed in 6 to 10 days using open standards. “Equisoft’s transfer technology, underpinned by open standards, already encompasses the Discovery Message process.