Pension changes could help workers scoop up smaller pension pots - here's how
- The government proposes reforms to consolidate small pension pots.
- Workers accumulate many pots over time, making tracking challenging.
- The number of these small pots increases by around one million yearly.
- UK savers collectively lose £26.6 billion in pensions.
- Consolidating these pots aims to reduce costs and boost worker savings.
32 Articles
32 Articles

Pension changes could help workers scoop up smaller pension pots - here's how
Pension changes could help workers scoop up smaller pension pots, which could otherwise get lost
The proposal to consolidate small pots will help reduce industry operating costs - Scottish Widows - IFA Magazine
In response to the press release issued this morning by the DWP on the plans to introduce a small pots consolidator that combines pensions worth less than £1,000, Pete Glancy, Head of Pensions Policy at Scottish Widows has provided the following comment. Pete Glancy, Head of Pensions Policy at Scottish Widows commented: “The proposal to consolidate small pots will help reduce industry operating costs and could lead to lower charges in the future…
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