Dismay at automatic transfers for small pots

clock •

Members could lose out from an automatic transfer system for small pots if their pension is moved into a scheme with higher charges, the industry has warned.

The Department for Work and Pensions yesterday announced it will create a system where pots of less than £10,000 move with workers from job to job. The government said it will either create an I...

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 Law and Regulation

DWP to change terminal illness definition for pension tax purposes

DWP to change terminal illness definition for pension tax purposes

Move will bring benefit and pension tax rules at end of life into closer alignment

Jonathan Stapleton
clock 15 October 2026 • 2 min read
Torsten Bell: Pensions industry must 'give ground' to what savers trust

Torsten Bell: Pensions industry must 'give ground' to what savers trust

Torsten Bell says what the industry is doing is a ‘triumph’, but there must be transparency

Holly Roach
clock 15 October 2026 • 1 min read
Jeannie Drake: Everyone must play their part in resolving adequacy challenge

Jeannie Drake: Everyone must play their part in resolving adequacy challenge

Pensions commissioner says resolving the challenge is not exclusively one party’s job

Holly Roach
clock 13 October 2026 • 1 min read
Trustpilot