Article
Small Pots, Big Plans: Consultation On Small Pot Consolidation
The DWP has issued a consultation on automatic small defined contribution (DC) pot consolidation. This proposes that from 2030, dormant DC pots worth £1,000 or less would have to be transferred automatically to an approved small pot consolidator scheme, unless the member opts out. The consultation seeks views on the government’s plans for how this would work across occupational and contract-based auto-enrolment schemes.
Eversheds Sutherland