Consultation outcome

Meeting future workplace pension challenges: improving transfers and dealing with small pension pots

• From: Department for Work and Pensions
• Published: 15 December 2011

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

This consultation has concluded

Read the full outcome

Government response: Improving transfers and dealing with small pension pots

Ref: ISBN 9780101840224, Cm. 8402

PDF, 950 KB, 48 pages

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Government response: Improving transfers and dealing with small pension pots, RTF

704 KB

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Impact assessment: Small Pots and Automatic Transfers

PDF, 278 KB, 25 pages

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Ymateb y Llywodraeth i’r ymgynghoriad: Gwella trosglwyddiadau ac ymdrin â chronfeydd pensiwn bach

PDF, 789 KB, 14 pages

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Detail of outcome

On balance, we consider that a system of automatic transfers to the new employer’s scheme is our favoured approach.

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Original consultation

Summary

This consultation sought views on how government and the pensions community can work together to help with the transfer and consolidation of pensions.

This consultation ran from
15 December 2011 to 11:45pm on 23 March 2012

Consultation description

This consultation sought views on how government and the pensions community can work together to solve a key challenge facing the workplace pensions system: the proliferation of small pension pots.

We anticipate that automatic enrolment and a highly mobile jobs market will lead to a significant increase in the number of small dormant pension pots in our future pension system. The burden of these small pots is compounded by the fact that systemic barriers, like cost and complexity, prevent people from moving and consolidating their pensions into the one place.

Documents

Consultation document on meeting future workplace pension challenges: improving transfers and dealing with small pension pots

Ref: ISBN 9780101818421, Cm. 8184

PDF, 795 KB, 63 pages

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Consultation document on meeting future workplace pension challenges: improving transfers and dealing with small pension pots, RTF

RTF, 3.87 MB

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Ateb yr heriau o ran pensiynau’r gweithlu yn y dyfodol: gwella trosglwyddiadau ac ymdrin â chronfeydd pensiwn bach

PDF, 600 KB, 9 pages

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Impact assessment on Short Service Refunds

PDF, 478 KB, 32 pages

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Transferring a pension scheme: summary of research findings

PDF, 20.4 KB, 1 page

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Published 15 December 2011