Addressing the challenge of deferred small pots

Consultation opened on 30 January 2023. Closing date 27 March 2023.


This call for evidence is to support the development of policy options for automated consolidation solutions to address the growth of deferred small pots in the automatic enrolment (AE) workplace pensions market.

Consultation description

The author for this consultation is the Department for Work and Pensions. As such, all consultation information and related documents can be found on the GOV.UK website.

The call for evidence seeks to deepen the evidence base around the scale and characteristics of the growth in the number of deferred small pots. It is focussed on two large-scale automated consolidation solutions – a default consolidator model and pot follows member – whilst recognising the potential impact of other actions, including member exchange, and enabling more member engagement, that can help mitigate the growth in the number of small pots.

The consultation is aimed at the pensions industry, including those who can offer a member-perspective on the effectiveness of consolidation approaches.

In general, Northern Ireland’s pensions policy and legislation operate in line with Great Britain, and there is, in effect, a single pensions system across the UK. It is anticipated therefore that any changes will be introduced here, subject to the necessary approvals.

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