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 ...

Pension policymakers need to “finish the job” and create a pension system that allows people to enjoy a financially secure retirement, according to pensions minister, Torsten Bell.

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 ...

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 ...

Rachel Reeves’s radical pensions overhaul will only “slightly” benefit savers, Labour’s own research suggests.

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 ...

Workers start a pension when they join an employer, but when they switch companies they often leave their old pension behind. This can mean having many small pension pots which can be difficult to ...

Pensions minister Torsten Bell has proposed to merge around 13million forgotten small pension pots worth £1,000 or less into a handful of larger schemes. The plans are set to be included in the ...

The government wants to introduce what’s known as a Small Pots Data Platform to help keep track of pots worth less than £1,000. ... There are millions of small pension pots littering the system.