TPR: We must end 'two classes' of DC membership

James Phillips
clock • 3 min read

The Pensions Regulator (TPR) has called for greater consolidation of defined contribution (DC) schemes, cautioning about the risk posed to members of small schemes.

The warning came as the watchdog's latest figures revealed private sector DC membership has for the first time overtaken that of defined benefit (DB). There are now 14.8 million members in DC sc...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Contribution

Industry must treat DC roadmap as a connected system

Industry must treat DC roadmap as a connected system

Panel says it is ‘incumbent’ and ‘non-negotiable’ to deliver reforms successfully

Martin Richmond
clock 15 October 2026 • 2 min read
Partner Insight: Why active investing is becoming more outcome-oriented

Partner Insight: Why active investing is becoming more outcome-oriented

As pension schemes and institutional investors face increasingly complex objectives, active investing is evolving beyond security selection towards more purposeful portfolio design and implementation.

Samantha Ricciardi, Head of EMEA, Fidelity International
clock 15 October 2026 • 5 min read
Partner Insight: The missing allocation - the case for UK infrastructure in DC default funds

Partner Insight: The missing allocation - the case for UK infrastructure in DC default funds

Alistair Ray, Chief Investment Officer, Dalmore Capital
clock 15 October 2026 • 1 min read
Trustpilot