New £1,000 Rule for Pension Pots as Radical Shake-up Launched by Government

New pension rule for thousands of workers who have pots under £1,000 - Birmingham Live

Millions of pension savers with small pots could soon see changes under new Labour Party government proposals which were announced this week.

New pension rules to impact anyone with pots under £1,000 – are you affected?

Millions of pension savers with small pots could soon see changes under new Government proposals. The plans form part of a wider shake-up aimed at improving how people engage with and manage their retirement savings.The Government has unveiled sweeping pension reforms that will automatically merge retirement pots worth £1,000 or less and create giant "megafunds" of at least £25 billion. The Pension Schemes Bill, announced this week, represents a…

New £1,000 rule for pension pots as Reeves launches radical shake-up

Ministers insist the Pension Schemes Bill, unveiled today, will deliver "bigger pots" and "better value" for retirement savers

Pension pot shake-up as Government launches new £1,000 rule

Chancellor Rachel Reeves has unveiled a sweeping overhaul of the pension system, which will see millions of workers' savings bundled into giant "megafunds" - and smaller pots worth £1,000 or less automatically merged

New £1,000 rule for pension pots as radical shake-up launched by government

Ministers insist that the Pension Schemes Bill, which will see pension pots automatically merged if they are worth £1,000 or less, will deliver "bigger pots" and "better value" for retirement savers

Pension Schemes Bill (DB Surplus)