DWP small pots proposal misses the mark on improving engagement

Reading the industry’s response, it is clear the DWP has misread the mood in the room on this topic, with the majority of both pension providers and industry bodies such as the Pensions Administration Standards Association and the Pensions Management Institute calling out the flawed logic in the proposals. 

I call on the DWP to reconsider its approach to solving small pots.

Jon Dean is head of retirement strategy at Altus Consulting