Industry concerned and mostly against DWP's pot for life proposals

Most keen to see existing dashboard and AE initiatives ‘bed in’ before considering brand new model

Jasmine Urquhart
clock • 8 min read
The  industry has delivered an assortment of reasons why the 'pot for life' reforms should not go ahead just yet
Image:

The industry has delivered an assortment of reasons why the 'pot for life' reforms should not go ahead just yet

The pensions industry has reacted to the government’s proposed lifetime provider model, raising concerns about the likelihood of its achievability.

The proposed ‘pot for life' model was first outlined in chancellor Jeremy Hunt's Autumn Statement last year, and, if implemented, would allow employees to choose their own pension provider as they ...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

The People's Pension targets £4bn move into private markets

The People's Pension targets £4bn move into private markets

Master trust to initially invest in assets such as infrastructure and real estate

Jonathan Stapleton
clock 16 January 2025 • 3 min read
Reeves' megafund proposals should be replaced with 'comply or explain' DC regime

Reeves' megafund proposals should be replaced with 'comply or explain' DC regime

LCP says alternative approach would deliver better results more quickly for government

Professional Pensions
clock 13 January 2025 • 2 min read
Steve Webb and Laura Myers – There is a better way forward on DC investment

Steve Webb and Laura Myers – There is a better way forward on DC investment

DC megafunds will lead to ‘massive’ cost and disruption and may fail to deliver stated aims

Laura Myers and Steve Webb
clock 13 January 2025 • 5 min read
Trustpilot