Written by FT Adviser
The Department for Work and Pensions plans to introduce automatic transfers of small workplace pension pots of less than £10,000 when members move jobs. Ben Cocks, director at Altus, said it is particularly relevant now in light of the new legislation allowed by the ‘pot follows member’ rules which will be implemented next year.
UK finance is changing forever. Sweeping reforms promise a new era for the sector: one that’s more open, more regulated and, potentially, far more collaborative. All this is very good news for SMEs.
It may be a while before pension funds ask their asset managers whether they use blockchain, says Ben Cocks
2017 proved quite an eventful year, with an increase in the number of participants and the volume of transfers.