Lifetime provider model risks 'throwing away' AE gains, ABI says

Report says pot for life would leave those with smaller pots in ‘lower performing defaults’

Jasmine Urquhart
clock • 3 min read
Employers have raised concerns about outcomes and administration following the 'pot for life' proposals
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Employers have raised concerns about outcomes and administration following the 'pot for life' proposals

The lifetime provider model risks “throwing away” the gains of automatic enrolment (AE) and could put poorer savers at risk of lower outcomes, a report from the Association of British Insurers (ABI) has found.

The report, produced with WPI Economics, concluded that if plans for a ‘pot for life' went ahead, savers with smaller pots could lose out from remaining in "lower performing defaults". The model...

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Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

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