LCP: Increase freedom and choice for DB members

Consultancy says transfer regulations are ‘sticking plasters’ on an ‘ineffective process’

Martin Richmond
clock • 2 min read
Fairs: It is clear that the current process is painfully slow and exposes members to some uncomfortable risks
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Fairs: It is clear that the current process is painfully slow and exposes members to some uncomfortable risks

Lane Clark & Peacock (LCP) has called on the government to consider amendments to the pension freedoms rules to provide defined benefit (DB) members with a greater level of freedom and choice when accessing their benefits.

In a blog published today (2 June), LCP partner and former executive director of regulatory policy at The Pensions Regulator David Fairs said following the introduction of the Pension Schemes Act 2...

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