Industry says 'magnetically attached' pensions will address small pots issue

However, PP survey finds concern around implementation challenges

Jasmine Urquhart
clock • 2 min read
PP Buzz respondents mostly agree a 'magnetically attached' pension will deal with small pots
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PP Buzz respondents mostly agree a 'magnetically attached' pension will deal with small pots

The majority (63%) of the pensions industry thinks a “magnetically attached” pension would address the issue of small pots.

A Professional Pensions Buzz survey found several agreed with the effectiveness of Lane Clark & Peacock's ‘Magnetic Pensions' proposal to ensure any old pension pots travelled with savers when they...

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