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
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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...

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