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

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

Increased focus being placed on retirement support, research finds

Increased focus being placed on retirement support, research finds

People’s Pension poll shows 54% of IFAs say providers struggle to create ‘meaningful’ engagement

Martin Richmond
clock 18 August 2026 • 2 min read
How have drawdown products coped with a return to volatility?

How have drawdown products coped with a return to volatility?

Pete Osthwaite looks at how FCA Pathway 3 drawdown solutions have handled increasing market turbulence

Pete Osthwaite
clock 18 August 2026 • 7 min read
Partner Insight: The future belongs to scale – but there's more to it

Partner Insight: The future belongs to scale – but there's more to it

As the market consolidates, what does it mean for members and trustees?

Jerry Butcher, Workplace Savings Director, Scottish Widows
clock 18 August 2026 • 5 min read
Trustpilot