DWP plans to launch default consolidator to tackle small pots issue

The government has responded to its call for evidence on small pots

Martin Richmond
clock • 4 min read
Trott: This consultation sets out our proposed framework for this model which will enable a small number of authorised schemes to act as consolidators
Image:

Trott: This consultation sets out our proposed framework for this model which will enable a small number of authorised schemes to act as consolidators

The government has confirmed it plans to launch a default consolidator to tackle the issue of small pots, as it publishes its response to its call for evidence on the issue.

The government's call for evidence - launched in January alongside the Value for money (VfM) consultation and a consultation on the expansion of collective DC - sought to concentrate on expanding t...

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

Martin Richmond
Author spotlight

Martin Richmond

Senior Correspondent at Professional Pensions

More on Industry

Just Group DB sales down 28% in 2025

Just Group DB sales down 28% in 2025

Insurer said the drop was due to a ‘lack of large deals’ but expects ‘increased market opportunity’ in 2026

Holly Roach
clock 20 January 2026 • 1 min read
Buzz: Are there fundamental concerns for the DC environment?

Buzz: Are there fundamental concerns for the DC environment?

Concerns for DC and adequacy, TPR chair candidate and insurer competition

Professional Pensions
clock 19 January 2026 • 1 min read
Trafalgar House upgrades digital member communications

Trafalgar House upgrades digital member communications

Partnership with Smart Communications to help enhance member engagement

Holly Roach
clock 19 January 2026 • 1 min read
Trustpilot