The pot follows member automatic transfer scheme for pension savings will be introduced in autumn 2016, pensions minister Steve Webb has confirmed.
Announcing that the number of people automatically enrolled in a pension scheme has reached the 5 million mark, Webb said the pension system needed to change to help people keep track of their savings.
'As people typically have 11 different jobs over their working life, we need to build on the achievements of automatic enrolment with a scheme that enables people to keep their savings in one place, and I am pleased to confirm we are on track to achieve this by autumn 2016,' he said.
The 2016 timetable has been designed to allow the industry sufficient time to develop the new systems required for pot follows member. Further information on the timetable and implementation details will be published early next year, the Department for Work and Pensions said.
This month's auto-enrolment registration report showed that 43,000 employers have enrolled their workers in a pension scheme, taking total numbers to 5 million - equivalent to the population of Scotland or the busiest day on the London Underground.
Charles Counsell, executive director of automatic enrolment at the The Pensions Regulator, urged employers to make sure they were ready to comply with the requirements.
'Around 43,000 employers have automatically enrolled their staff into a pension and nearly half of them said they wished they had left more time as it took them longer than they thought,' he said.
'We encourage all employers, however small, to learn from the experience of other employers - leaving extra time is better than leaving it too late.'
