PIC calls for DC pensions rebrand

Insurer says DC pots could be renamed to ‘retirement funds’ to better engage members

Jasmine Urquhart
clock • 3 min read
PIC says renaming DC pensions could increase engagement and confidence among savers
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PIC says renaming DC pensions could increase engagement and confidence among savers

The Pension Insurance Corporation (PIC) has called for defined contribution (DC) pensions to be renamed, saying the current name falls short of meeting the expected definition of a pension.

The insurer based its proposal on an internal campaign it ran with its 500 staff, and an accompanying report which found several employees felt "unhappiness and disappointment" with how their DC pe...

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Jasmine Urquhart
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Jasmine Urquhart

Senior Correspondent at Professional Pensions

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