PFS Conf: Webb mulls multi-pension consolidation plan

Speaking at the Personal Finance Society (PFS) conference this morning, Webb said the government will consult on several ways to help people moving jobs consolidate their savings. "I will be consulting later this year on options to tackle this problem, ranging from simply making the existing voluntary transfer process more straightforward, to introducing an automatic transfer system where pension pots follow people from job to job," said Webb. "With the average person working for 11 different employers over the span of their career, it is vital we make sure that we remove barriers and...