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You may be concerned about reports of market turbulence as a result of the Russia-Ukraine conflict and how this might affect the value of your pension savings. Find out more

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Eloise Henderson
Head of Strategic Communications
T: 01293 205335
M: 07741 384460
E: media@bandce.co.uk

Blaise Tapp
Media Relations Manager
T: 01293 205336
M: 07388 943700
E: blaisetapp@bandce.co.uk


Darren Philp, Director of Policy and Market Engagement at The People’s Pension, has commented on the government’s plans for automatic transfer of small pension pots.

Speaking to Pensions Expert, Darren said:

“An automatic transfer without the automatic element seems to be a half-baked idea. It demonstrates that what the government had hoped to achieve wasn’t deliverable.”

However, we have long been calling for a pensions register to bring pension information online in one place.

Darren added:

“An online portal aggregating all information opens up opportunities to transfer and consolidate.”

These comments follow an announcement by Steve Webb, the Pensions Minister, that his plans for automatic transfers would require a staged, opt-in approach.

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