ACA expresses 'serious doubts' over pot for life proposals

Group says proposals will reduce employer engagement and risk poorer outcomes

Jasmine Urquhart
clock • 5 min read
ACA has raised several concerns about the proposed lifetime provider model
Image:

ACA has raised several concerns about the proposed lifetime provider model

There are several “serious doubts” around the lifetime provider model, the Association of Consulting Actuaries (ACA) has said.

In its consultation response to the ‘pot for life' proposals, introduced in the chancellor's Autumn Statement last year, the ACA said such an initiative would risk poorer member outcomes and be dif...

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

More on Defined Contribution

Pot for life reforms could be a game changer for UK pension provision

Pot for life reforms could be a game changer for UK pension provision

David Lane says long-term benefits outweigh short-term implementation challenges

David Lane
clock 16 February 2024 • 4 min read
Smart Pension to provide ISS UK workplace scheme

Smart Pension to provide ISS UK workplace scheme

Appointment benefits 62,000 members and covers £200m AUM for workplace management company

Jasmine Urquhart
clock 27 November 2023 • 1 min read
Cushon adds name to Mansion House Compact

Cushon adds name to Mansion House Compact

Pension provider joins but already targets up to 6.75% of DC assets to unlisted equities

Jasmine Urquhart
clock 17 November 2023 • 2 min read
Trustpilot