This will very much depend on the schemes you are transferring from and to. For example if you are transferring from a DB scheme where you CETV is valued at more than 30,000 pounds the transfer process may take considerably longer than if you are transferring defined contribution schemes.
The Pensions Regulator sets out the rules and timelines for transfers from a final salary scheme.
There are various parts to the statutory process of transferring from a final salary scheme that must be adhered to by both the trustees of the new scheme and the old scheme. As well as memeber and financial adviser obligations.
Upon receiving the CETV the member has a maximum of 6 months to apply in writing for the transfer, and to provide proof that they have received adequate advice on the transfer. Within 6 months of the guarantee date of the CETV the trustees must make the transfer to the new receiving scheme.