PLSA expresses concern over shift to individual model for pensions

Trade body says switch to ‘lifetime provider’ would be ‘radical departure’ from current system

Martin Richmond
clock • 2 min read
Peaple: We are not aware of any evidence that moving to a ‘lifetime provider’ model would deliver better outcomes for members
Image:

Peaple: We are not aware of any evidence that moving to a ‘lifetime provider’ model would deliver better outcomes for members

The Pensions and Lifetime Savings Association (PLSA) has expressed concern over the government’s proposals to allow savers to choose their own workplace pension.

Chancellor Jeremy Hunt yesterday (22 November) announced plans to implement a "pot for life" stating the government would give pension savers a "legal right to require a new employer to pay pension...

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

ACA paper sets out proposals to secure 'dignity for all' in retirement

ACA paper sets out proposals to secure 'dignity for all' in retirement

Report says current retirement system is built on ‘outdated’ assumptions

Jonathan Stapleton
clock 13 October 2025 • 3 min read
PMI makes series of improvements to qualifications package

PMI makes series of improvements to qualifications package

Organisation said new approach will enhance how professionals gain the skills needed to deliver better outcomes

Holly Roach
clock 13 October 2025 • 1 min read
Pensions UK says members expect significant change across industry by 2035

Pensions UK says members expect significant change across industry by 2035

Most members say inadequate outcomes for DC savers will be biggest concern in 2030s

Holly Roach
clock 13 October 2025 • 2 min read
Trustpilot