Providers may shoulder high costs from stronger nudge

Aegon said the proposals could lead to customer confusion and additional costs for providers

Holly Roach
clock • 3 min read
The proposals are based on a requirement in the Pension Schemes Act 2021
Image:

The proposals are based on a requirement in the Pension Schemes Act 2021

‘Stronger nudge’ proposals for pensions guidance from the Department for Work and Pensions (DWP) and the Financial Conduct Authority (FCA) are “potentially problematic”, according to Aegon.

The DWP is currently consulting on introducing a stronger nudge to guidance for trust-based scheme members while the FCA consulted on the same topic earlier this year for members of contract-based ...

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 Industry

Buzz: How satisfied are you with the government's pension policies?

Buzz: How satisfied are you with the government's pension policies?

Labour’s pension policies, IFS Pensions Review and GMP equalisation

Professional Pensions
clock 07 July 2025 • 1 min read
TPR to join forces with industry to develop net-zero transition template

TPR to join forces with industry to develop net-zero transition template

Regulator says final version of template will be presented to DWP later this year

Martin Richmond
clock 07 July 2025 • 1 min read
News Digest: Pension and housing policy is a war on Britain's young

News Digest: Pension and housing policy is a war on Britain's young

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 07 July 2025 • 1 min read
Trustpilot