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Google’s Gradient backs Penny to help UK workers merge and manage their pension pots



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Pensions, by just about any estimation, are a good thing. Ever since the U.K. government introduced auto-enrolment to the national workforce back in 2012, forcing employers to provide a workplace pension scheme by default (i.e. opt-out), this has led to more people saving toward their retirement.
This policy change, however, means that millions of people around the country now have multiple different pension funds with different providers. Given that the average worker only remains in the same job for a few years, when they move to a new employer, a new pension fund automatically begins — quite probably with a completely different provider to their previous one — which creates this gia …

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