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

People's Pension launches retirement income planning tool

People's Pension launches retirement income planning tool

Tool will provide members with the option to have their income adjusted for inflation

Martin Richmond
clock 05 December 2025 • 3 min read
Government must address 'critical' CDC challenges

Government must address 'critical' CDC challenges

Industry bodies say retirement CDC model has lots of ‘moving parts’ which may act as a hindrance

Martin Richmond
clock 04 December 2025 • 6 min read
The role of UK real estate in DC pensions

The role of UK real estate in DC pensions

Building the investment case for including UK property in DC

Jonathan Stapleton
clock 04 December 2025 • 16 min read
Trustpilot