SMF paper highlights benefits of pot for life solution

Paper from Michael Johnson and Tom McPhail says pot for life will ‘complement’ consolidation measures

Jasmine Urquhart
clock • 4 min read
An SMF paper has outlined the benefits and implementation routes for the 'pot for life' solution
Image:

An SMF paper has outlined the benefits and implementation routes for the 'pot for life' solution

A pension ‘pot for life’ will reduce the accumulation of small pots and “complement” existing consolidation measures, a paper from the Social Market Foundation (SMF) has said.

The paper from the thinktank, written by SMF's Michael Johnson and the Lang Cat director of public affairs Tom McPhail, proposed that member choice could be implemented in two stages to address the...

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

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Law and Regulation

PPI - Too much or not enough? The Pensions Commission's low earners dilemma

PPI - Too much or not enough? The Pensions Commission's low earners dilemma

John Upton says low earners are a group that is particularly vulnerable to undersaving.

John Upton
clock 03 July 2026 • 4 min read
FCA consults on proposals to support stronger SIPP market standards

FCA consults on proposals to support stronger SIPP market standards

Watchdog says it aims to improve consistency and adequacy of due diligence

Jonathan Stapleton
clock 22 June 2026 • 1 min read
Will pension firms become subject to a robot tax?

Will pension firms become subject to a robot tax?

Matthew Giles looks at how taxing the ‘labour’ performed by AI would impact pensions

Matthew Giles
clock 18 June 2026 • 3 min read
Trustpilot