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Solving the small pots problem
While many individuals have forgotten about their small pension pots, the government has not. But is its new work on the issue going to be enough?
By Amanda Newman Smith 12
th February 2021 4:19 pm
The trouble with auto-enrolment is that it has created too many small pension pots that get left behind when people change jobs. You know the story someone starts a job, but within a few months they’ve got a better offer and a shiny new pension pot. But that employer struggles during the pandemic, so redundancy means getting another job and yet another pension pot.
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Brexit is likely to linger on the european economy for some time and this will include British pensioners. With Rishi Sunak s March budget quickly approaching, Peter Cranwell, an IFA at Purely Pensions, examined what could be forthcoming for retirees with Brexit outcomes in the year ahead.