Policy paper

Automatic pension transfers

This publication sets out proposals for a framework for the automatic transfer of people's pension pots when they change jobs.

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



The Pensions Act 2014 provides for a system where, broadly speaking, someone’s pension savings move with them when they move jobs.

The government has been working with a wide section of the pension industry to develop a model for implementing this system. This document sets out the work that has taken place to analyse the different implementation options and move towards a safe and efficient industry-led model. Where possible, we have given specific detail about the technical aspects of the model.

The paper also sets the government’s intention for a phased implementation.

This publication updates proposals in Automatic transfers: consolidating pension savings, published on 10 May 2013.

Published 11 February 2015