We’re proud to have played a key role in the newly published Small Pots Feasibility Review from Pensions UK, outlining a practical and cost-effective path to consolidating small pension pots from 2030.
Together with KGC Associates Ltd, Lumera contributed technical expertise and strategic insight to help deliver the proposed Multiple Default Consolidator (MDC) model – a solution that leverages existing infrastructure and data standards to deliver better outcomes for pension savers.
This review marks a major milestone in the industry’s collaboration with government and regulators, reflecting our shared commitment to modernising pensions and improving financial wellbeing.
We believe the proposed solution will deliver:
- An efficient and scalable model
- Lower costs than centralised alternatives
- Strong governance and alignment with DWP’s roadmap
Lumera remains committed to supporting the next phase – refining standards, governance, and implementation to help deliver better retirement outcomes for millions of savers.
Read the full report via Pensions UK.
