Consultation outcome

Meeting future workplace pension challenges: improving transfers and dealing with small pension pots

This consultation was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

This consultation has concluded

Download the full outcome

Government response: Improving transfers and dealing with small pension pots

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Government response: Improving transfers and dealing with small pension pots, RTF

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Impact assessment: Small Pots and Automatic Transfers

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Ymateb y Llywodraeth i’r ymgynghoriad: Gwella trosglwyddiadau ac ymdrin â chronfeydd pensiwn bach

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Detail of outcome

On balance, we consider that a system of automatic transfers to the new employer’s scheme is our favoured approach.

Original consultation

This consultation ran from to

Summary

This consultation sought views on how government and the pensions community can work together to help with the transfer and consolidation of pensions.

Documents

Consultation document on meeting future workplace pension challenges: improving transfers and dealing with small pension pots

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Consultation document on meeting future workplace pension challenges: improving transfers and dealing with small pension pots, RTF

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Ateb yr heriau o ran pensiynau’r gweithlu yn y dyfodol: gwella trosglwyddiadau ac ymdrin â chronfeydd pensiwn bach

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Impact assessment on Short Service Refunds

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Transferring a pension scheme: summary of research findings

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Consultation description

This consultation sought views on how government and the pensions community can work together to solve a key challenge facing the workplace pensions system: the proliferation of small pension pots.

We anticipate that automatic enrolment and a highly mobile jobs market will lead to a significant increase in the number of small dormant pension pots in our future pension system. The burden of these small pots is compounded by the fact that systemic barriers, like cost and complexity, prevent people from moving and consolidating their pensions into the one place.