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Pemberthy: The message for trustees is clear: prepare early, make sure you can demonstrate that your scheme offers VfM for members, or plan your consolidation roadmap.
From 2030, single employer defined contribution (DC) trusts being used as auto-enrolment schemes will fall under the scope of the small pot consolidation proposals in the Pension Schemes Bill.
This will require trustees to transfer dormant pots worth £1,000 or less into a designated consolidator scheme – most likely a master trust – unless they believe it is not in members best interests...
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