TUC warns DC flexibilities will allow 'perfectly legal' rip offs

Stephanie Baxter
clock

The Trades Union Congress (TUC) has warned that savers will be ripped off in ways that are "perfectly legal" when they can access their defined contribution (DC) pension pots from this April.

Speaking to PP, head of campaigns and communications Nigel Stanley said the risk of people being sold something of poor value yet technically legal is one of the downsides of the April Budget chang...

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 Law and Regulation

Industry welcomes TPR funding statement but calls for clarity on next steps

Industry welcomes TPR funding statement but calls for clarity on next steps

Industry backs regulator’s call for DB schemes to consider their endgame options and develop surplus policy

Jonathan Stapleton
clock 06 May 2026 • 5 min read
PRA takes action on UK insurers' use of funded reinsurance

PRA takes action on UK insurers' use of funded reinsurance

Funded reinsurance deals will face enhanced regulatory requirements

Jonathan Stapleton
clock 29 April 2026 • 3 min read
Parliament agrees Pension Schemes Bill paving way for Royal Assent

Parliament agrees Pension Schemes Bill paving way for Royal Assent

House of Lords agrees heavily amended mandation powers accepting final draft of bill

Jonathan Stapleton
clock 29 April 2026 • 6 min read
Trustpilot