Govt may build advice into "Big Fat Pension Pot" scheme

The government is consulting on how to prevent workers building up several small pension pots which are difficult to manage after auto-enrolment begins this October. Pensions minister Steve Webb has dubbed the plan "Operation Big Fat Pension Pot".  The government is considering creating either an aggregator vehicle into which pension pots are transferred when employees move jobs, or a system where pots automatically follow workers when they move to a new scheme. Webb revealed the Department for Work and Pensions (DWP) is considering building advice into the automatic transfer syste...