McPhail: Pot follows member won't engage savers

Helen Morrissey
clock

Pot follows member (PFM) will do little to engage people with their pensions according to Hargreaves Lansdown head of pensions research Tom McPhail.

According to McPhail the PFM approach prevents people taking responsibility for their retirement saving and shifting between providers leads to a lack of familiarity that also discourages engagemen...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

TPR publishes updated capital reserve guidance for DC master trusts

TPR publishes updated capital reserve guidance for DC master trusts

Regulator says it will publish annual data on reserving practices from 2027

Martin Richmond
clock 20 March 2026 • 2 min read
Partner Insight: A just transition in banking – support for pension investors

Partner Insight: A just transition in banking – support for pension investors

Royal London Asset Management share what four years of collaborative engagement with the UK's largest banks revealed about progress, gaps and what comes next

Royal London Asset Management
clock 18 March 2026 • 5 min read
Government must be cautious of DC investment interference

Government must be cautious of DC investment interference

LCP and Frontier Economics report finds there is ‘no clear case’ to override trustees’ investment decisions

Martin Richmond
clock 17 March 2026 • 4 min read
Trustpilot