DWP

Retirement Planner's round-up of the top pension stories this week.

Steve Webb's pot-follows-member pension policy will make it easier for people to manage multiple pension pots but clarification is needed on the role of advice, Aegon has said.

The Department for Work and Pensions has confirmed it will create an ‘automatic transfer' system for small pots of less than £10,000, allowing workers to take their pensions with them from job to job.

Nearly a quarter of adults (23%) in the UK have lost track of at least one pension pot, according to research from charity Age UK.

Retirement Planner's round-up of the top pension stories this week.

Proposals to make auto-enrolment more efficient for employers have been outlined by the government.

The Department for Work and Pensions (DWP) must monitor the overall rate of participation in auto-enrolment rather than focusing on opt-out rates, providers have warned.

Providers could save £74.6m a year by communicating all information with pension savers online, under government proposals.

The National Employment Savings Trust (NEST) £4,400 contribution cap may prevent some of its members from achieving adequate retirement income, according to the Pensions Policy Institute (PPI).

Retirement Planner's round-up of the top pension stories this week.