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 ...

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