Ditch complex rise in normal minimum pension age, says Quilter

James Phillips
clock • 2 min read
Greer: This risks leaving people stranded in more expensive or inflexible pensions just to safeguard the age benefit.
Image:

Greer: This risks leaving people stranded in more expensive or inflexible pensions just to safeguard the age benefit.

Plans to increase the normal minimum pension age (NMPA) to 57 should be annulled, or transitional protections removed, amid “scant evidence” to support the decision, says Quilter.

Coupled with "unintended complexity" that could arise when dealing with small pots, head of retirement policy Jon Greer said the potential policy is ill-thought-through and could leave savers stran...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Contribution

Fears high turnover culture exacerbates small pots issue

Fears high turnover culture exacerbates small pots issue

Zedra calls on employers to be more aware of the affects of employment trends on DC

Hope William-Smith
clock 09 August 2022 • 2 min read
TPO upholds Nest member's personal data complaint

TPO upholds Nest member's personal data complaint

Firm ordered to refund Nest scheme contributions it had deducted

Holly Roach
clock 08 August 2022 • 1 min read
Arter: "Recruitment will enable us to meet the ongoing increase in demand"

Reducing customer waiting times key priority for TPO

63% of customers reported dissatisfaction with the speed their complaint was dealt with

Martin Richmond
clock 03 August 2022 • 3 min read
Trustpilot