Which? responds to Chancellor's pensions announcements in Autumn Statement

Jenny Ross, Editor of Which? Money, said: 

"With the pensions system in real need of simplification to support savers to keep track of an increasing number of pots, it's encouraging that the government has today confirmed that it will push ahead with plans to consolidate small pots below £1,000.

"Other reforms might be beneficial, but with billions of pounds of people's savings lost or dormant in pension schemes, there is already a policy in place that would help savers. A pensions dashboard would enable savers to store all of their pension information, including their state pension, in one place. The government needs to prioritise seeing through the introduction of the much-delayed dashboards programme and its small pots consolidator as soon as possible."

-ENDS-