Advising small pots

clock

Fiona Murphy explores what steps advisers and employers will need to take to tackle the small pots issue on the eve of auto-enrolment and the RDR

The small things in life can often be the most overlooked, and small pension pots are no exception. Research by the National Association of Pension Funds suggests there are about 700,000 pots that have been orphaned with an average fund size of £2,000. It is likely that many savers will come to retirement with small pension pots from different employer schemes and maybe a personal pension arrangement. No wonder it is difficult to keep track. Added to that, auto-enrolment will open the floodgates to more savers than ever before. Temporary workers or job-hoppers will enter the fold f...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Scotland Investment Roadshow 2024: Last chance to join PA in Edinburgh and Glasgow

Scotland Investment Roadshow 2024: Last chance to join PA in Edinburgh and Glasgow

The Scotland Investment Roadshow kicks off next week

Professional Adviser
clock 18 September 2024 • 2 min read

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •