Pot follows member

Employers will pass on the cost of the abolition of short service refunds (SSRs) to employees, experts warn.

This week, Pensions Buzz respondents said the government was right to put back the charge cap to 2015.

A growing proportion of the industry wants the Department for Work and Pensions (DWP) to revisit its decision to pursue pot follows member to aggregate small pots.

Pots follows member transfers will not be automatically triggered by a member moving jobs, pensions minister Steve Webb says.

E-commerce standards and services body Origo has extended its transfer facility Options Transfers to cover occupational schemes.

Opposition members attacked the government's pot follows member proposals in a House of Lords debate last week.

The Tax Incentivised Savings Association (TISA) Exchange (Tex) has launched a contract club of transfer providers to cut pension transfer times to no longer than six working days.

Pensions minister Steve Webb has said the ban on individual transfers into the National Employment Savings Trust (NEST) will be lifted before 2017.

The National Association of Pension Funds (NAPF) says it will continue pushing for a central aggregator model for automatic transfers despite imminent legislation on pot follows member (PFM).

The Tax Incentivised Savings Association (TISA) Exchange (Tex) will establish a project to bring pension transfers within its scope.