Small pots: wise men say only fools rush in

Pensions minister Steve Webb is on a mission, well an operation actually – Operation Big Fat Pension Pot. He wants everyone in the UK to build up significant benefits, in one easy-to-access and easy-to-understand pension pot. Portable pensions In short, Webb wants to see the end of people forgetting about the few thousand pounds they saved in their second or third job and see their pension savings become a portable and tangible part of their lives. One big part of this is pension consolidation and how best to achieve it. A Department for Work and Pensions consultation on small po...