PP Live: Industry must look to solve its own problems, Opperman says

The pensions minister says DC schemes must be willing to consolidate

Hope William-Smith
clock • 1 min read
Pensions and financial inclusion minister Guy Opperman
Image:

Pensions and financial inclusion minister Guy Opperman

Defined contribution (DC) schemes must “step up” and “solve their own problems” when it comes to fixing the DC market and the existing number of small schemes creating a clogged market of unclaimed small pots, the pensions minister says.

Speaking this morning (14 September) at PP Live, pensions and financial inclusion minister Guy Opperman reiterated his push for the consolidation of small DC schemes in order to help the industry m...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

DCIF highlights 'growing tension' between economic ambitions and schemes' fiduciary duty

DCIF highlights 'growing tension' between economic ambitions and schemes' fiduciary duty

Report sets out opportunities for DC schemes to contribute to UK growth while delivering strong outcomes for savers

Holly Roach
clock 11 June 2025 • 3 min read
The evolution of DC investments

The evolution of DC investments

How defined contribution schemes are investing in private markets.

Jonathan Stapleton
clock 11 June 2025 • 15 min read
TPT launches managed retirement for life offering

TPT launches managed retirement for life offering

Proposition allows members to convert their pots into inflation-linked income for life

Jonathan Stapleton
clock 11 June 2025 • 2 min read
Trustpilot