Origo reports 40% increase in small pot transfers

Number of pension pots with less than £1,000 increased by 32%

Martin Richmond
clock • 1 min read
Origo reports 40% increase in small pot transfers

The number of defined contribution small pot transfers increased by 40% over the last two years, according to research by Origo.

Data from the fintech's Transfer Service found between 2020 and 2022, the number of pension pot transfers valued under £10,000 rose by 42%. It also found the number of pots with a value of less tha...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

PPF Purple Book, MNRPF longevity swap, TPR updates DB covenant guidance

Professional Pensions
clock 06 December 2024 • 1 min read
PPF Purple Book highlights DB funding improvements, but warns 'risks remain'

PPF Purple Book highlights DB funding improvements, but warns 'risks remain'

19th edition of PPF’s Purple Book shows funding improvements across the DB landscape

Holly Roach
clock 05 December 2024 • 4 min read
DWP urged to amend regulations within pension scheme annual reports

DWP urged to amend regulations within pension scheme annual reports

Organisations say additional information makes annual report ‘unreadable’ to members

Holly Roach
clock 05 December 2024 • 1 min read
Trustpilot