Member

On small pot consolidation, our aim is to introduce the multiple default consolidator from 2030 onwards. However, to meet that date, we will need to make the small pots regulations in advance. The regulation package for small pot consolidation is critical. It will set out key areas and details, including the criteria for schemes to become a consolidator and the legal framework for the necessary digital infrastructure. Those elements must be in place early to give the industry enough time to adapt and prepare. We cannot delay these regulations to align with dashboards because that would in turn delay other small pots delivery activity and push the 2030 date backwards.