Provided is a method, system and program for storing data for later retrieval and for transfer within a storage hierarchy. A data storage subsystem stores both individual user files and also managed files, each managed file comprising an aggregation of multiple user files. After receiving user files from a client station, the subsystem stores user files in a retrieval storage pool to facilitate file retrieval. Criteria are subsequently applied to the user files stored in the retrieval storage pool to delete low or lower priority files from the retrieval storage pool. In addition, user files are aggregated in managed files for transfer to another location within the storage hierarchy.