DWP response to small pot problem will not 'come to firm answer'

clock

The government will not come to a firm answer on the question of small pension pot consolidation despite an industry-wide consultation on the issue initiated by pensions minister Steve Webb.

The minister said the Department for Work and Pensions response - due shortly - will narrow down options and indicate a "direction of travel" for dealing with small pots, but will not put forward a...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Admin / Technology

Digital revolution in pensions must be inclusive of all savers, says SPP

Digital revolution in pensions must be inclusive of all savers, says SPP

SPP says digital exclusion in pensions can leave savers more vulnerable to scams or fraud

Martin Richmond
clock 15 September 2026 • 3 min read
Why wellbeing belongs in pensions admin governance

Why wellbeing belongs in pensions admin governance

Trafalgar House’s Dan Taylor says trustees should view wellbeing of admin teams as part of their operational risk

Dan Taylor
clock 11 September 2026 • 5 min read
GMP conversion regs could lead schemes to reconsider equalisation approach

GMP conversion regs could lead schemes to reconsider equalisation approach

Consultation means ‘end is finally in sight’ for rules around streamlining GMP conversion

Jonathan Stapleton
clock 04 September 2026 • 2 min read
Trustpilot