Pensions industry joins forces to tackle small pot problem

The Small Pots Co-ordination Group (SPCG) - jointly convened by the Pensions and Lifetime Savings Association (PLSA) and the Association of British Insurers (ABI) - is made up of representatives from a range of pension providers, industry bodies and stakeholders and is chaired by Capital Cranfield Trustees professional trustee Andy Cheseldine. The group's formation was a recommendation of the small pension pots working group report, published in December. This report noted that the number of small deferred pots in the pension system, which tend to result from savers moving jobs and lo...