The Department of Work and Pensions (DWP) revealed its plans to consolidate small pots when savers moved jobs on 11 February. It confirmed it was going ahead with its preferred system of a pot follows member arrangement. The timetable is for the initial phase of pot-matching to be in place by autumn 2016, which DWP believes should give the industry time to develop any new systems required. To read more please click here
The holes in DWP’s auto-transfer plans