The NAPF has responded to the DWP’s consultation on dealing with small pension pots and improving transfers. There are already hundreds of thousands of small pension pots, and the problem will only get worse after automatic enrolment.

The NAPF has called on the Government to address this issue, and the wider issue of adequacy of DC pots, by encouraging the creation of large scale, good quality Super Trusts which could serve as aggregators for small pots.

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