Small pension pots are a growing challenge for both savers and schemes. High job mobility and automatic enrolment have led to millions of deferred DC pots, creating inefficiencies, higher costs, and an increased risk of savers losing track of their retirement savings.
In a recent Pensions Age feature, Lumera colleagues contributed to the discussion on how automatic consolidation of DC small pots could work in practice, and what this could mean for the industry.
