DC consolidation could stifle innovation, industry warns

The industry is supportive of improving member outcomes but called for tailored approach to DC

Holly Roach
clock • 6 min read

The pensions industry has warned that while it is supportive of the government’s goals to improve member outcomes, the government must “defer” defined contribution (DC) scheme consolidation for now.

In response to the Department for Work and Pensions' (DWP) consultation on the future of the DC pension market: the case for greater consolidation - which closed yesterday (29 July) - the industry ...

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

Partner Insight: How this year's Pension Engagement Season 'sparked a movement'

Partner Insight: How this year's Pension Engagement Season 'sparked a movement'

Innovation and this year’s industry-wide campaign have set a new benchmark.

Jill Henderson, Head of Strategic Workplace Relationships, Scottish Widows
clock 21 November 2025 • 3 min read
Aegon's largest default fund hits £1bn in LTAF assets

Aegon's largest default fund hits £1bn in LTAF assets

Provider has established a combined target of 17% allocation to LTAFs by 2028

Martin Richmond
clock 18 November 2025 • 1 min read
Smart Pension acquires WS Stakeholder Pension Scheme

Smart Pension acquires WS Stakeholder Pension Scheme

Acquisition makes Smart Pension the UK’s eighth largest DC master trust

Holly Roach
clock 18 November 2025 • 1 min read
Trustpilot