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Small pots, big potential: could they be the tey to greater DC pension consolidation? - IFA Magazine
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Small pots, big potential: could they be the tey to greater DC pension consolidation? - IFA Magazine
Automatic enrolment and frequent job switching have led to a surge in small, dormant pension pots, now a growing challenge for Government. In response, ministers have confirmed plans to move ahead with reforms aimed at consolidating the DC pensions market, with a clear ambition to create: “fewer, larger, better well-run schemes.” The Scale of the Problem 13 million DC pots under £1,000, costing over £225 million annually to administer. These “f…
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