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

More on Industry

SPP warns MPs against changes to salary sacrifice pensions

SPP warns MPs against changes to salary sacrifice pensions

Society says scrapping salary sacrifice would lead to reduction in employees’ take home pay

Martin Richmond
clock 06 November 2025 • 4 min read
Bank of England holds interest rates at 4% as Autumn Budget looms

Bank of England holds interest rates at 4% as Autumn Budget looms

MPC members narrowly vote to hold rates at five votes to four

Michael Nelson
clock 06 November 2025 • 3 min read
News Digest: Reform pledges to end gold-plated public sector pensions

News Digest: Reform pledges to end gold-plated public sector pensions

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 06 November 2025 • 1 min read
Trustpilot