DWP
UK eyes ‘evolutionary’ change to pensions market with reforms
As DWP launches consultation about ending the proliferation of deferred small pension pots
DWP unveils digital midlife MOT for older Brits
Website will include a financial tool to help people understand what to prioritise before retirement
Just 1% of completed pension transfers had red or amber flags
DWP review also finds ‘overseas investment amber flag needs to be more clearly defined or removed’
UK retirees suffer £300m state pension shortfall
DWP identified nearly 47,000 instances where it underpaid pensioners since January 2021
‘Landmark’ auto enrolment expansion to ‘empower’ British savers
DWP wants to help lower earners build up pension pots more quickly