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

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 Defined Contribution

LifeSight hits £1bn in drawdown assets

LifeSight hits £1bn in drawdown assets

Growing numbers of members choosing to stay with master trust as Gen DC start to retire

Jonathan Stapleton
clock 16 September 2025 • 1 min read
Most DC members will be 'better off' in future, SPP says

Most DC members will be 'better off' in future, SPP says

Polling finds one quarter think members will be better off in five years

Jasmine Urquhart
clock 05 September 2025 • 1 min read
Under half of employers have reviewed their pension schemes in the last year

Under half of employers have reviewed their pension schemes in the last year

One in ten employers have never checked to see if scheme offers value for money

Martin Richmond
clock 02 September 2025 • 2 min read
Trustpilot