Source · Select Committees · Work and Pensions Committee

Recommendation 27

27 Paragraph: 111

Many savers will have built up a number of small pension pots, which would benefit...

Conclusion
Many savers will have built up a number of small pension pots, which would benefit from consolidation. However, the issue of small pension pots cannot be solved simply by encouraging savers to change their behaviour to proactively consolidate their small pension pots. The Committee would expect to look closely at the recommendations about consolidating small pension pots which are expected to be made to the Department for Work and Pensions by an industry working group as they are developed and published.
Paragraph Reference: 111
Government Response

A response document is linked to this report, dated 27 April 2022. Response attribution to this conclusion has not been verified. Read the response document ↗