'Strong case' for automatic consolidation of small pots, IFS argues

Report from IFS calls on the government to ‘end and reverse’ the proliferation of small pots

Holly Roach
clock • 4 min read
'Strong case' for automatic consolidation of small pots, IFS argues

There is a “strong case” for deferred small pots to be consolidated by default, the Institute for Fiscal Studies (IFS) has argued.

In the think tank's report, published today (12 February), the IFS highlights in 2023 there were around 20 million defined contribution (DC) pension pots worth less than £10,000 – containing £30bn ...

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

News Digest: Minister declares Civil Service Pension Scheme delays 'sorted'

News Digest: Minister declares Civil Service Pension Scheme delays 'sorted'

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 23 April 2025 • 1 min read
'Concerning' knowledge gap among UK adults about pensions

'Concerning' knowledge gap among UK adults about pensions

Aviva survey found less than half of respondents were able to correctly identify what a workplace pension is

Martin Richmond
clock 22 April 2025 • 1 min read
Buzz: Will a Mansion House Compact II be a positive step forward for DC schemes?

Buzz: Will a Mansion House Compact II be a positive step forward for DC schemes?

Mansion House Compact II, dashboards ecosystem connection, and MAIA framework

Professional Pensions
clock 22 April 2025 • 1 min read
Trustpilot