Abolition of contracting out 'contradictory and unnecessary'

clock

Government proposals to prevent the transfer of contracted-out benefits from final salary to money purchase schemes would be "contradictory, retrograde and unnecessary", Hargreaves Lansdown says.

Head of pensions research Tom McPhail said given the uncertainty of future defined benefit provision government plans to introduce a blanket ban on transferring out of final salary schemes is somet...

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 Benefit

Mixed picture for DB funding levels in October, Broadstone finds

Mixed picture for DB funding levels in October, Broadstone finds

Consultancy warns November could be a ‘volatile’ month for markets ahead of Budget

Martin Richmond
clock 07 November 2025 • 1 min read
Partner Insight: Distributing surplus to members

Partner Insight: Distributing surplus to members

Nick Coates, Associate Partner, Aon
clock 06 November 2025 • 5 min read
Run-on, run-off or something else?

Run-on, run-off or something else?

Could Pension Schemes Bill surplus flexibilities allow more schemes to run-on?

Professional Pensions
clock 05 November 2025 • 19 min read
Trustpilot