One third of savers may consider consolidation

Around 1.6 million pots are left unclaimed by members

Martin Richmond
clock • 2 min read
Watts-Lay: "Pensions dashboards will help provide transparency and allow individuals to track their schemes more easily"
Image:

Watts-Lay: "Pensions dashboards will help provide transparency and allow individuals to track their schemes more easily"

One in three savers have concerns about the number of pension pots that they accumulate and may consider consolidating them into one pot, according to Wealth at Work.

Wealth at Work director Jonathan Watts-Lay said: "It may make sense for employees to consolidate their pensions if they have a number of schemes and struggle to keep track of them all, or if they h...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Buzz: Which party will have the most positive impact on pensions?

Buzz: Which party will have the most positive impact on pensions?

Election manifestos, lay trustees and financial advisers for DC scheme members

Professional Pensions
clock 17 June 2024 • 1 min read
Reform manifesto pledges to review pension system 'riddled' with complexity

Reform manifesto pledges to review pension system 'riddled' with complexity

Manifesto announces pledge to review UK pensions system and scrap net-zero targets

Martin Richmond
clock 17 June 2024 • 2 min read
Errors in DC scheme contributions becoming 'increasingly commonplace'

Errors in DC scheme contributions becoming 'increasingly commonplace'

Hymans has urged schemes to review compliance to identify and rectify errors

Holly Roach
clock 17 June 2024 • 2 min read
Trustpilot