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

News Digest: Asset managers hit hurdle in efforts to avoid Europe's ESG rules

News Digest: Asset managers hit hurdle in efforts to avoid Europe's ESG rules

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

Professional Pensions
clock 04 June 2026 • 1 min read
Industry and government must 'do more' to educate savers about retirement costs

Industry and government must 'do more' to educate savers about retirement costs

Pension experts say the sector must help savers understand their own targets and how to reach them

Holly Roach
clock 03 June 2026 • 4 min read
Savers place increased emphasis on accuracy to build trust

Savers place increased emphasis on accuracy to build trust

Trafalgar House index shows one quarter of savers valued accurate information as integral trust factor

Martin Richmond
clock 03 June 2026 • 2 min read
Trustpilot