Pensions minister Steve Webb wants to make his mark on pensions, but one provider is urging caution on small pot consolidation.
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...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes