The UK pension industry stands on the brink of significant transformation. With the Department for Work and Pensions (DWP) aiming to reduce approximately £225 million per year in administration costs linked to ‘small pots’, there’s a clarion call for increased efficiency and an improved retirement outcome for members. Against this backdrop, we introduce insights from the Australian Superannuation market. SuperChoice stands at the forefront as a leading Clearing House and tech solutions expert in Australia, offering the UK valuable lessons in pension system optimisation.
Download a copy of SuperChoice’s response to the DWP Call for Evidence
SuperChoice welcomes the opportunity to discuss this response overall and contribute to further discussion on the way forward with DWP (Department for Work and Pensions) and other key stakeholders. We remain excited about the UK market announcements and initiatives such as Small Pot Consolidation, which are the first steps to delivering a long-term vision for workplace pension savings.
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