New Government Pensions Lifetime Provider Policy

In his Autumn Statement on 22 November, Chancellor Jeremy Hunt announced the introduction of a ‘pot for life’. Currently, when employees start a new job, they are automatically enrolled into their employer’s pension scheme. Currently, employees join a scheme designated by their employer when they start a new job. The prosed change will permit employees to require a new employer to contribute to an existing pensions arrangement nominated by the new employee. The principal objective of this policy is to prevent employees from accruing a succession of small pension pots. However, there is the potential for this change to create significant disruption. This webinar will consider how stapling might be implemented in the UK and identify both the advantages and disadvantages of such a change.