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

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

WYPF makes £25m commitment to nature infrastructure fund

WYPF makes £25m commitment to nature infrastructure fund

Rebalance Earth’s fund monetises ecosystems such as flood mitigation and water purification

Holly Roach
clock 30 June 2025 • 2 min read
UK will become 'global innovator' in retirement income solutions, People's Pension says

UK will become 'global innovator' in retirement income solutions, People's Pension says

CIO predicts UK will be ‘country to watch’ when it comes to retirement products

Martin Richmond
clock 27 June 2025 • 1 min read
Savers' knowledge of four pillars of DC pensions remains 'critically low'

Savers' knowledge of four pillars of DC pensions remains 'critically low'

Nearly half of DC savers have never checked how much they have saved into their pension

Martin Richmond
clock 27 June 2025 • 4 min read
Trustpilot