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

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 Defined Contribution

TPR, DWP and FCA publish consultation on VfM framework

TPR, DWP and FCA publish consultation on VfM framework

Consultation will require DC schemes to publish ‘clear data’ on performance, costs and quality of service

Martin Richmond
clock 08 January 2026 • 8 min read
What can the UK learn from the Australian pension system?

What can the UK learn from the Australian pension system?

Gregg McClymont says attention to differences as well as similarities is important

Gregg McClymont
clock 17 December 2025 • 3 min read
SPP: Making retirement choices simpler and safer

SPP: Making retirement choices simpler and safer

Anish Rav says initiatives that help achieve a better outcome in retirement are welcome

Anish Rav
clock 17 December 2025 • 3 min read
Trustpilot