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A pension ‘pot for life’ will reduce the accumulation of small pots and “complement” existing consolidation measures, a paper from the Social Market Foundation (SMF) has said.
The pensions industry is expecting clarity from chancellor Jeremy Hunt in tomorrow’s (22 November) Autumn Statement.
The pensions industry will need to work closely with the government and regulators to tackle the challenge of deferred small pots, according to an industry panel at the Pensions and Lifetime Savings Association’s (PLSA) annual conference.
Nearly nine in ten UK employees with a workplace pension have at least one unclaimed pension pot, research by Netwealth has shown. The wealth manager's survey...
This week's top stories include industry responses to several government consultations, BAE Systems schemes appointing Goldman Sachs Asset Management, and defined...