Consultation outcome

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

This 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

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email accessible.formats@dwp.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

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

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email accessible.formats@dwp.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Impact assessment: Small Pots and Automatic Transfers

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email accessible.formats@dwp.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

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

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email accessible.formats@dwp.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

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

Summary

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

This consultation ran from
to

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.

Documents

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

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email accessible.formats@dwp.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

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

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email accessible.formats@dwp.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

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

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email accessible.formats@dwp.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Impact assessment on Short Service Refunds

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email accessible.formats@dwp.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Transferring a pension scheme: summary of research findings

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email accessible.formats@dwp.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.
Published 15 December 2011