All small pots articles
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NewsPensions UK outlines feasibility study for small pots consolidation
Pensions UK Annual Conference: A feasibility review of small pots consolidation, overseen by Pensions UK, has found that more than a million pots under £1,000 could be consolidated, while approximately 800,000 pots are unlikely to be consolidated.
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NewsPensions UK sets out model for small pots consolidation
A new report recommends a “federated” system for consolidating deferred auto-enrolment pots of less than £1,000, using existing technologies and processes where possible.
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OpinionABI: Supporting the ‘Pay Your Pension Some Attention’ campaign
It’s Pensions Awareness Week, and Emily-Mae Collins of the Association of British Insurers outlines the many positive intiatives that will help consumers pay their pension some attention.
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NewsNext ‘value for money’ consultation to come later this year, FCA says
The Financial Conduct Authority, the Pensions Regulator, and the Department for Work and Pensions are planning a further consultation on the Value for Money framework later this year.
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OpinionWhat the Pension Schemes Bill means for small businesses
There is a lot to digest from the recent Pension Schemes Bill. Wedlake Bell’s Justin McGilloway breaks down the key considerations and action points for small employers.
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NewsHow the government plans to consolidate small pension pots
Pension schemes will have to be able to facilitate automatic consolidation of pension pots smaller than £1,000 from 2030, under proposals set out by the government today.
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In DepthIn Depth: 40% of master trust memberships could consolidate, study finds
A major data exercise carried out by some of the UK’s biggest master trusts has shed light on the challenges of consolidating small pension pots and rolling out pension dashboards.
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NewsPensions minister targets growth, better retirement outcomes
Pensions minister Emma Reynolds opens the PLSA Annual Conference with a promise to deliver on economic growth and improved member outcomes.
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NewsInnovation Interviews: Penny probes for lost pension pots
Fintech startup Penny’s head of pensions David Henderson explains how an app set up by two brothers has now helped reunite hundreds of users with more than £300m of ‘lost’ pensions.
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NewsIndustry doubts prospect of success of Mansion House reforms
Less than a third of pension industry professionals believe the Mansion House reforms will be effective, according to the Pensions Management Institute (PMI).
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OpinionHow do you solve a problem like small pension pots?
The lifetime provider model may not be the answer to the rising number of small pots, but the industry still needs to solve this growing problem, as Bernard Casey and Noel Whiteside explore.
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NewsPot for life could threaten auto-enrolment success, warns ABI
Employer survey shows companies are concerned about the potential negative impact on staff pension outcomes.
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NewsThink tank praises ‘pot for life’ plans
The SMF’s latest briefing note features an appeal from the pensions minister calling for views from industry experts.
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Opinion‘Pot for life’: what are the knock-on effects?
Proponents and critics need to fully understand the likely impacts and update their arguments to address them.
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NewsSolution to both small pots issue and pension dashboard 'desperately needed'
With many over-55s having no idea what their pension is worth, and many lacking clear financial strategies for their retirement, the need for solutions is more desperate than ever, two pieces of research have revealed.
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OpinionSmall pots plan deserves some praise
When the Department for Work and Pension’s (DWP) consultation on how to solve the small pots problem closed, it was followed by criticism of the department’s solution.
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NewsMansion House reforms build momentum behind CDC
Collective defined contribution (CDC) is proving the most popular of the Mansion House ‘reforms’, with more than a third (36%) of trustees and sponsors finding it the most attractive, according to Aon.
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NewsSPP: Decumulation reforms must build on successes of auto enrolment policies
The Society of Pension Professionals (SPP) has issued feedback to the the Department of Work and Pensions (DWP)’s consultations on small pots and helping savers understanding their pension choices/decumulation.
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OpinionLessons from down under: Could a clearing house solve the small pots issue?
The case for giving members more choice with their pensions is gathering pace in the UK, argues Richard Wilson.