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Tag Archives: small pots
Pension trade bodies vie for “tallest dwarf”.
On December 17th, the DWP reported on the findings of its small pots working group, the report was accompanied by press releases from the various participants in a competition to find the tallest dwarf. I am sorry to write ill … Continue reading
Posted in pensions
Tagged ABI, CMA, dwarf, DWP, open pensions, Pensions, PLSA, small pots, tallest dwarf
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The small pots working group find a progressive way to grasp the nettle
Almost as important as its findings, the constitution and delivery of the small schemes working group is an exciting foretaste of a new way of working for the DWP and its pension policy unit. The 86 page report that … Continue reading
Posted in pensions
Tagged Adrian Boulding, CIPP, Darren Smart, DWP, Payroll, small pots, stinging nettle
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Respect small pension pots, they simmer our dreams
I was lucky to be invited to listen to Chris Curry yesterday at a DWP convened meeting to think about the issues around small pots. Much of the information discussed was proprietary to the DWP so I can’t share the … Continue reading
Posted in pensions
Tagged Adrian Boulding, big-fat-pot, consolidation, DWP, Guy Opperman, small pots
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Dashboards aren’t the “small-pot fix” some claim
The ABI want us to consider pension dashboards as a means to consolidate small pots Imperative for any solution … is for government to prioritise delivery of commercial and non-commercial pensions dashboards to spur pension scheme members to consolidate … Continue reading
Posted in advice gap, age wage, pensions
Tagged consolidation, Pensions, small pots, Stephen Timms
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Could small pots be auto-enrolment’s lethal legacy?
50m at 2050 I spoke with Adrian Boulding last week on the issue of small pots. There are various estimates of the likely extent of the problem, the one I quote comes from DWP research which suggests that unless something … Continue reading
Why I’m changing my mind about NEST
Nest nudge pension freedoms to one side https://t.co/QTwvZDVnKt via @henryhtapper – we don’t have a NEST equivalent in Australia – and it’s starting to look like a significant oversight in the evolution of our #superannuation system. @NESTInsight — Jeremy Cooper … Continue reading
Posted in NEST, pensions
Tagged Impact, ISG, Jeremy Cooper, NEST, pensions, small pots, workplace Pensions
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People’s Pension gets serious on small pots
The changes announced yesterday by People’s Pension and its parent B&CE are significant. It’s furloughing its sales team, battening down the hatches to new business It’s changing its charging structure, protecting itself against the ruinous impact of small deferred pots. … Continue reading
The DC landscape – littered with small pots!
The Pensions Regulator has published its landscape of trust based Defined Contribution plans in the UK. It’s most easily viewed in this presentation. , If you have flipped through the ten slides, you will have missed the most interesting statistic in … Continue reading
Death by 10 million pots – how to solve the small pot crisis
There are 10 million new savers into workplace pensions. If every saver changed jobs 10 time, that would mean 100 million new pension pots- unless some means of rationalising pot proliferation can be found. The DWP estimate that by … Continue reading
Posted in advice gap, age wage, pensions
Tagged auto enrolment, Clearing, pensions, pot proliferation, pots, Prisone Exchange, small pots, workplace Pensions
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