Member

Dashboards will give savers a clear, accessible view of all their entitlements in one place, so they can stay informed and engaged. But international experience shows that, even where dashboards exist, countries such as Australia have also implemented targeted solutions, as the noble Baroness will know, to tackle the small pots problem. Without addressing that challenge, members face the risk of pot fragmentation, multiple charges, lost pots and disengagement. That is why the multiple consolidator solution is vital. To prevent members being put at risk of detriment as a result of consolidation, we are introducing a strict authorisation framework, which will ensure that only schemes that provide good value can become a consolidator—and that will be regularly assessed as part of value for money.