A month after Steve Webb announced that pot follows member would begin on an opt-in basis, the Department for Work and Pensions (DWP) has published its proposals for auto-transfers. The system will run under a number of caveats; most notably, that it will initially only apply to money purchase pensions in charge-capped default funds.
The DWP has proposed a two-step approach to implementation. The first phase will encompass only a sample of big providers, while the second will see the system become compulsory with scope for wide...
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