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In the Pensions and Lifetime Savings Association’s (PLSA) regular monthly column for Professional Pensions, the trade body’s director of policy and advocacy takes a look at the latest pension measures put forward by the pensions minister and Department for Work and Pensions (DWP).
A ‘pot follows member’ solution is the industry favourite for combatting the small pots problem, a Professional Pensions poll has found.
In this week's Pensions Buzz we want to know which solution to the small pots challenge in defined contribution you would prefer.
The raft of new defined contribution (DC) measures announced by the Department for Work and Pensions (DWP) have garnered a mostly positive reaction from the pensions industry.
The industry is peppered with expensive and sterile small pension pots, but plans are afoot to tackle the problem.