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The Guardian - UK
The Guardian - UK
Business
Rupert Jones

Hunt’s pension ‘pot for life’ idea would be nightmare to set up, experts say

Jeremy Hunt
Jeremy Hunt and Rishi Sunak
The chancellor, Jeremy Hunt, sitting next to Rishi Sunak before delivering the autumn statement. Photograph: Jessica Taylor/UK Parliament/AFP/Getty

The chancellor, Jeremy Hunt, unveiled plans that could eventually give UK workers one pension pot for life – but there were warnings that it could be an administrative “nightmare”.

The shake-up is aimed at tackling the problem of millions of small pension pots being generated – which often then end up being forgotten about – as savers change jobs during their working lives.

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