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

More on Law and Regulation

HMRC increases evidence requirements for higher or additional rate relief claims

HMRC increases evidence requirements for higher or additional rate relief claims

Evidence may be required where it would not previously have been requested

Jonathan Stapleton
clock 22 August 2025 • 1 min read
Four 'lucrative areas' for Budget pension reform

Four 'lucrative areas' for Budget pension reform

Treasury could move on tax-free lump sum, tax relief, salary sacrifice or annual allowance in hunt for Budget savings

Jonathan Stapleton
clock 20 August 2025 • 8 min read
PPI – The urgent need for action on adequacy

PPI – The urgent need for action on adequacy

Priya Khambhaita says current minimum contribution rates mean many retirees will not have the DC assets they need.

Dr Priya Khambhaita
clock 19 August 2025 • 3 min read
Trustpilot