All small pots articles
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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
The government’s extensive policy reforms anticipated in the Pension Schemes Bill will deliver “the growth the country needs and the security in retirement that savers deserve”, according to pensions minister Emma Reynolds.
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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.
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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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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.
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NewsMansion House reforms: Pension innovation, reformation or mess?
As the pensions industry digests the impact of Chancellor Jeremy Hunt's announcements in his Mansion House Speech, there are already concerns being voiced over the speed and scope of the proposed and planned changes.
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NewsSmall pots consultation: 'Pot for life' approach seen as long-term solution
The Department for Work and Pensions (DWP) has launched an eight-week consultation after a call for evidence which flagged up a multiple consolidator approach as a possible solution to the issue of deferred small pots.
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NewsTrott: Underperforming schemes to ‘improve, consolidate or exit’
Pensions minister Laura Trott has said pension schemes that are underperforming will need to act and either “improve, consolidate or exit the market”.
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NewsDWP narrows down small pots solution to two options
The Department for Work and Pensions has narrowed down the solution to the small pots issue to either the creation of default consolidators or the introduction of pot-follows-member legislation.
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NewsDWP to announce DC reforms amid cost of living crisis
The Department for Work and Pensions will be announcing a series of reforms to defined contribution saving, in an attempt to curtail the impact of the cost of living crisis.
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NewsRules to remove DC charge cap fees due in the new year
The government will lay regulations to remove fees from the defined contribution charge cap early next year, one of a number of pensions-related proposals included in the reforms aimed at improving the competitiveness of the UK’s financial services sector.
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NewsPension savers lose £1.7bn on retirement transition
On the go: Workplace pension scheme members are losing around £1.7bn a year during their transition into and in retirement, according to new research from master trust HSBC Tomorrow.
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OpinionHow data is transforming the insurance and pensions sector
Insurance is an industry undergoing a period of evolution.
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NewsAggregate value of lost pension pots surges to £27bn
Pension savers are being encouraged to take action to trace their lost pension pots, which in aggregate are estimated at £26.6bn, according to the Pensions Policy Institute.