Most members not in favour of pot for life, PLSA says

Women and older members more likely to want their employer to choose their workplace pension

Jasmine Urquhart
clock • 2 min read
The majority of savers say they are not confident in selecting a workplace pension provider
Image:

The majority of savers say they are not confident in selecting a workplace pension provider

The majority (69%) of employees are not in favour of the lifetime provider model, a survey by the Pensions and Lifetime Savings Association (PLSA) has found.

The survey of 1,631 non-retired adults, of which 568 were saving into a workplace defined contribution (DC) pension, found just under one third (31%) said they would opt to choose their own pension...

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