Industry calls for ban on pension switching incentives

PP survey finds 61% back calls for ban and voice concerns over need for the practice

Jonathan Stapleton
clock • 2 min read
Incentives to transfer DC pensions may lead people to make suboptimal decisions
Image:

Incentives to transfer DC pensions may lead people to make suboptimal decisions

Nearly two-thirds of the industry believe pension switching incentives should be banned, the latest Professional Pensions poll shows.

The results of last week's Pensions Buzz survey found 61% of respondents believed pension switching incentives should be banned, against 29% who said they should not and 10% who said they were unsu...

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

Mansion House Compact II draft circulated after 'tense' negotiations

Mansion House Compact II draft circulated after 'tense' negotiations

Reports say Rachel Reeves is closing in on a £50bn deal with pension funds to ‘buy British’

Jonathan Stapleton
clock 22 April 2025 • 2 min read
Aon urges DC members to 'stay calm' amid increased market volatility

Aon urges DC members to 'stay calm' amid increased market volatility

Firm warns savers to be ‘on their guard’ against risk of scams during tariff-induced turmoil

Martin Richmond
clock 14 April 2025 • 2 min read
Ten years on from the pension freedoms, our attitudes have come full circle

Ten years on from the pension freedoms, our attitudes have come full circle

Colin Clarke says we need to focus on the primary purpose of a pension

Colin Clarke
clock 04 April 2025 • 6 min read
Trustpilot