It is time to reconsider this potential solution to the plethora of fragmented pots, says Sir Steve Webb.
The recent publication of NEST's 2018/19 annual report is a reminder of one of the big unresolved issues in workplace pensions - what to do about the swathes of small ‘stranded' pension pots being created...
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.
NEST has signed up to the government-backed Star Initiative, taking all of its 8 million members' pension pots with it.
It is perhaps inherently difficult to find an agreed definition of value for money, but some methodologies could act as a stopgap, argues Jonathan Stapleton.