Open consultation

Small Pots: a pathway for consolidation

From:: Department for Work and Pensions and Torsten Bell MP
Published:: 15 September 2026

Summary

Implementing the Multiple Default Consolidator solution to address the small pots problem in the DC market.

This consultation closes at
11:59pm on 17 November 2026

Consultation description

This consultation sets out proposals for the implementation of automatic consolidation of deferred small pots through the establishment of consolidator schemes, helping to tackle the increasing number of deferred small pension pots across the pensions system. This Consultation asks a number of questions around these proposals and seeks the views of interested stakeholders.

Documents