News

Any pot worth less than £10,000 is classified as a “small pot pension”. Different rules apply to pots of this size, and the ...
Pensions; DWP announces small pension pot shake-up – could you get £1,000 retirement savings boost? If you have old pension pots, you risk paying high fees or losing track of them.
High net worth-individuals in the UK are underestimating how much money they need for the retirement they envisage, the ...
Pension policymakers need to “finish the job” and create a pension system that allows people to enjoy a financially secure ...
There are millions of small pension pots littering the system. It’s an unwelcome consequence of auto-enrolment, whereby you are automatically put into a pension at work, but as we move from job to job ...
Small pension pots can be more expensive for savers, with charges eating into their value over time. For most workplace pensions set up under auto-enrolment, annual management charges are capped at ...
Tackling the small pots problem . The government estimates that there are approximately 13 million small pension pots, defined as deferred pots worth less than £1,000. Automatic enrolment has led to a ...
The small pot consolidator – announced by pensions minister Torsten Bell today – will be introduced as part of the Pension Schemes Bill, set to be introduced in parliament later this Spring. The ...
However, cashing in a small pot worth £10,000 or less does not trigger the MPAA – so having one or two small pots to tie you over if you find yourself in such circumstances can be very helpful. For ...
Plans by the government to consolidate 13 million small pension pots worth £1,000 or less could be a “gamechanger”, according to industry experts. The news, announced yesterday (24 April ...
Any pot worth less than £10,000 is classified as a “small pot pension”. Different rules apply to pots of this size, and the money held in them can often be withdrawn in a more tax-efficient way.