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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 ...
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 ...
Pension policymakers need to “finish the job” and create a pension system that allows people to enjoy a financially secure ...
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 ...
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 ...
Many concerns over the two-pot retirement payouts have not yet been addressed, even as the system forges ahead with almost ...
Many people build up several small pensions during their working life which can be hard to keep track of as they switch jobs. The Bill will bring together micro pension pots worth £1,000 or less ...
High net worth-individuals in the UK are underestimating how much money they need for the retirement they envisage, the ...
Half (52%) of employers said they were unsure if the new Pension Schemes Bill will help defined contribution (DC) schemes to ...
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