Aviva & Hargreaves attack auto-transfer system

clock •

Aviva and Hargreaves Lansdown have proposed an alternative system to pot follows member in which members' pensions do not transfer when they move jobs, but their new employers pay into their old schemes.

The "one member, one pot" approach is designed to counteract the risk associated with transferring pots automatically from old to new employers' schemes, as proposed by the Department for Work and ...

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

Schemes could be overpaying tax on DB surplus refunds, advisers say

Schemes could be overpaying tax on DB surplus refunds, advisers say

HMRC position conflicts with legislation and trustees remain unwilling to launch challenge

Alex Levy
clock 26 October 2026 • 4 min read
Beneficiaries will not be left out of pocket over CSPS death benefit delays

Beneficiaries will not be left out of pocket over CSPS death benefit delays

Cabinet Office says it can’t waive tax charges but bereaved families will be treated fairly

Jonathan Stapleton
clock 23 October 2026 • 2 min read
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
Trustpilot