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
Image:

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...

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 Benefit

DB schemes enter 'new era' as focus shifts from managing deficits to long-term strategy

DB schemes enter 'new era' as focus shifts from managing deficits to long-term strategy

Hymans Robertson says long-term planning is now ‘centre stage’

Holly Roach
clock 30 October 2025 • 2 min read
Workplace pensions are 'bright star in a dark sky' for corporate UK

Workplace pensions are 'bright star in a dark sky' for corporate UK

LCP says corporations can benefit from high funding levels and schemes’ endgame opportunities

Jasmine Urquhart
clock 27 October 2025 • 1 min read
MHCLG releases LGPS statistics for 2024/25

MHCLG releases LGPS statistics for 2024/25

2024/25 statistics reveal 11.7% increase in expenditure and 5.2% increase in total income

Jasmine Urquhart
clock 22 October 2025 • 1 min read
Trustpilot