Insurer Phoenix Life levies the highest pension transfer exit fees and pensions consultancy Xafinity is the slowest to process transfers, a survey has revealed. Researchers found the most individual customers paid in exit fees was £12,245 ($16,076, €13,736) and £10,543 – both with Phoenix. The research further indicated that the highest exit fees are on with-profits pensions, meaning they escape the UK regulators fee cap rules. Pensionbee did praise Aviva, Scottish Widows, B&CE, Canada Life and Phoenix Life for all managing to transfer a pension in under two weeks, on average. Phoenix responseA spokesperson for Phoenix Life told International Adviser: “Pensionbee publishes these reports every year and we are never privy to the data they are basing the findings on.