Consultation outcome

Ending the proliferation of deferred small pension pots

• From: Department for Work and Pensions
• Published: 11 July 2023
• Last updated: 22 November 2023 — See all updates

This consultation has concluded

Download the full outcome

Government response to ending the proliferation of deferred small pots

HTML

Government response to ending the proliferation of deferred small pots (PDF)

PDF, 1.07 MB, 55 pages

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Detail of outcome

The government has published its response to the consultation on ‘Ending the proliferation of deferred small pension pots’ and a new call for evidence in Looking to the future: greater member security and rebalancing risk.

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Original consultation

Summary

Government response to the call for evidence "Addressing the challenge of deferred small pots" and consultation on proposals to resolve the small pots issue.

This consultation ran from
7am on 11 July 2023 to 11:59pm on 5 September 2023

Consultation description

This document includes:

• a summary of responses received to the call for evidence on “Addressing the challenge of deferred small pots”
• a consultation with further policy questions to gather additional views and evidence on the proposed automated consolidation solution to address the growth of deferred small pots

We welcome responses from:

• pension scheme providers
• trustees
• scheme managers
• members of workplace pension schemes
• employee representatives
• trades unions
• consumer groups
• employers and employee representative groups
• pension industry professionals
• members of the advisory community and any other interested stakeholders

We have also published an analysis of the impact of July 2023 pension package on member outcomes.

Documents

Ending the proliferation of deferred small pots

HTML

Ending the proliferation of deferred small pots

PDF, 437 KB, 51 pages

Published 11 July 2023
Last updated 22 November 2023 + show all updates

1. 22 November 2023

   Published information about the government response to the consultation and a new call for evidence on the long-term direction of workplace pension saving.

2. 17 July 2023

   Added HTML version of Ending the proliferation of deferred small pots.

3. 11 July 2023

   First published.