DWP outlines pot follows member plans with two-step proposal

clock

The Department for Work and Pensions (DWP) has published proposals to automatically transfer small pots when savers move jobs, with exemptions for funds outside the 0.75% charge cap.

The draft paper follows confirmation from pensions minister Steve Webb last month that auto-transfers would begin on a voluntary basis. The Automatic transfers: a framework for consolidating pension...

To continue reading this article...

Join Professional Adviser

 

  • 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.
  • Tap into our community intellignece through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Frank Field became a Lord in 2020.

Former Work and Pensions Committee chair Lord Frank Field is dying, peer reveals

Became Lord in 2020

Tom Ellis
clock 22 October 2021 • 2 min read
Andrew Megson: "From the FCA introducing the investment pathways to promote generic guidance as opposed to improving access to independent financial advice, to the temporary pausing of the state pension triple lock, savers would be forgiven for feeling uncertain about their future."

Andrew Megson: Autumn Budget 2021 pension planning predictions

What planners should look out for

Andrew Megson
clock 22 October 2021 • 4 min read
PII woes force SIPP provider Forthplus Pensions into administration

PII woes force SIPP provider Forthplus Pensions into administration

Cap ad and pending FOS case

Jenna Brown
clock 20 October 2021 • 1 min read