Explanatory Notes

Pensions Act 2014

2014 CHAPTER 19

14 May 2014

Background

Automatic transfers

14.On 15 December 2011, the Government published a consultation on options for consolidating small pension pots. It outlined high-level policy proposals in its response, published on 17 July 2012, and published further details of the proposals in Automatic transfers: consolidating pension savings (Cm 8605) which was published on 23 April 2013. Part 6 of the Act contains measures providing for a system of automatic transfers.