DWP plans to launch default consolidator to tackle small pots issue

The government has responded to its call for evidence on small pots

Martin Richmond
clock • 4 min read
Trott: This consultation sets out our proposed framework for this model which will enable a small number of authorised schemes to act as consolidators
Image:

Trott: This consultation sets out our proposed framework for this model which will enable a small number of authorised schemes to act as consolidators

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.

The government's call for evidence - launched in January alongside the Value for money (VfM) consultation and a consultation on the expansion of collective DC - sought to concentrate on expanding t...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Nest Insight: 'Volatility premium' impacting millions of households

Nest Insight: 'Volatility premium' impacting millions of households

Income fluctuation leaves many families unable to effectively build savings

Jonathan Stapleton
clock 19 November 2024 • 3 min read
PRAG publishes master trust financial sustainability paper and updates TCFD guidance

PRAG publishes master trust financial sustainability paper and updates TCFD guidance

PRAG publications come ahead of its annual conference this week

Jonathan Stapleton
clock 18 November 2024 • 1 min read
Industry responds to DC and LGPS changes confirmed in Mansion House speech

Industry responds to DC and LGPS changes confirmed in Mansion House speech

Concerns about fewer individuals making decisions, member returns and sustainability

Jasmine Urquhart
clock 15 November 2024 • 5 min read
Trustpilot