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

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Defined Contribution

Master trusts 'dominate' DC market, TPR data shows

Master trusts 'dominate' DC market, TPR data shows

Regulator urged schemes that do not offer value to consolidate

Holly Roach
clock 17 March 2026 • 3 min read
Government must be cautious of DC investment interference

Government must be cautious of DC investment interference

LCP and Frontier Economics report finds there is ‘no clear case’ to override trustees’ investment decisions

Martin Richmond
clock 17 March 2026 • 4 min read
Partner Insight: A just transition in banking – support for pension investors

Partner Insight: A just transition in banking – support for pension investors

Royal London Asset Management share what four years of collaborative engagement with the UK's largest banks revealed about progress, gaps and what comes next

Royal London Asset Management
clock 16 March 2026 • 5 min read
Trustpilot