Pensions industry must unite on small pension pot consolidation model

A report – Small pots digital systems feasibility review – from the pensions trade body comes after the Department for Work and Pensions asked Pensions UK to research the practical and technical feasibility of delivering the government's chosen multiple default consolidator (MDC) model. The report focused on the Small Pots Data Platform (SPDP), a service to facilitate the consolidation process – considering whether a centralised or federated basis for the delivery of the SPDP would be the best approach to ensure the service is able to launch in 2030, in line with the government's intenti...