SPP cautions against pot for life measures

Response to DWP consultation highlights concerns about lower quality and payroll complexity

Jasmine Urquhart
clock • 2 min read
The SPP has warned against potential complications surrounding the 'pot for life' proposals
Image:

The SPP has warned against potential complications surrounding the 'pot for life' proposals

The Society of Pension Professionals (SPP) has shared its “grave concerns” about the potential adoption of a lifetime provider model, in its response to the call for evidence from the Department for Work and Pensions (DWP).

The organisation's response acknowledged the DWP's efforts to develop a "sustainable long-term strategy" for defined contribution (DC) pensions, and to tackle issues such as the proliferation of sm...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Defined Contribution

Why scheme governance and operational resilience is key for private markets in DC

Why scheme governance and operational resilience is key for private markets in DC

Jesal Mistry says private markets can offer significant potential benefits for members

Jesal Mistry
clock 12 April 2024 • 6 min read
People's Partnership calls for ban on pension switching incentives

People's Partnership calls for ban on pension switching incentives

Master trust says cash incentives making people switch to worse pension options

Jonathan Stapleton
clock 08 April 2024 • 3 min read
PP DC Conference 2024: Register now!

PP DC Conference 2024: Register now!

Our flagship DC event is returning this year on 25 June at etc.venues, St Paul’s in London

Professional Pensions
clock 08 April 2024 • 1 min read
Trustpilot