PPI research found a 75% increase in the number of lost pots since 2018
Age UK is calling on the government to ramp up its work on small pots
Industry working group to consider contract- and trust-based ‘push’ and ‘pull’ solutions
Flat fees will be banned on pensions worth below £100 in a bid to end the erosion of small pots, the Department for Work and Pensions (DWP) has confirmed.
Tim Gosling says the small pots working group’s report is a reasonable first step that recognises diverse views to come up with a way forward.
The small pots working group has made a number of recommendations on how to tackle the growth of deferred members with small pension pots within the AE pensions market – urging the government and industry to take action to enable large-scale mass transfers....
In the last of a five-part series of articles for PP, pensions minister Guy Opperman explains how pension dashboards will help consolidate pensions.
Pensions and financial inclusion minister Guy Opperman has confirmed a cross-sector working group to address the problems caused by small pension pots.
The Work and Pensions Committee (WPC) has asked the industry for “workable solutions” to address the problem of problem of proliferating small pension pots.