Pensions passport idea touted as 'win-win'

The days of working for one employer for life, and in turn having just one pension pot to keep track of, are long gone. The transition to multiple jobs over the course of a working life has resulted in people amassing several pension policies with the potential for some to be forgotten about. However, government initiatives such as pot-follows-member are trying to make life easier for people. Pensions minister Steve Webb is also considering the creation of a pensions passport system to keep all retirement information in one place. The government’s response to the Freedom and Choice...