Page 2 - Small Pots News Today

Parts of the pensions industry have raised concern around the government's proposals for tackling the issue of small pots, with many pushing for an alternative solution....

The expansion of collective defined contribution (CDC) schemes is the most popular policy aspect of the proposals unveiled in the chancellor's Mansion House reforms,...

The Society of Pension Professionals (SPP) has welcomed the Department for Work and Pensions' (DWP) "proactivity" after it published a series of consultations last...

Aegon has called on the government to consider implementing a “sensible and workable implementation” roadmap for the Mansion House reforms unveiled last week.

Just halfway through the week and already the pensions industry has been bombarded with proposed policy changes, documents, calls for action, and consultation responses. PP rounds up some things that have happened so far this week.

The government has confirmed it plans to launch a default consolidator to tackle the issue of small pots, as it publishes its response to its call for evidence on the issue.

In the Pensions and Lifetime Savings Association’s (PLSA) regular column for Professional Pensions, the trade body’s director of policy and advocacy takes a look at defined contribution (DC) reform.

The industry has offered its views on the issue of small pots, with some calling for a pot-follows-member approach, while others urge for the adoption of a default consolidator option.

The number of defined contribution small pot transfers increased by 40% over the last two years, according to research by Origo.

Defined contribution (DC) consolidators such as PensionBee and Hargreaves Lansdown are broadly seen as a force for good, according to a Professional Pensions poll.