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

Rethinking DC strategy: Simplicity, innovation and the road ahead

Rethinking DC strategy: Simplicity, innovation and the road ahead

Matthew Webb sets out three actionable suggestions to improve member options

Professional Pensions
clock 06 May 2025 • 3 min read
People's Pension launches pension transfers tool

People's Pension launches pension transfers tool

Pension Consolidation Calculator aims to help savers understand charges when transferring a pension

Martin Richmond
clock 06 May 2025 • 3 min read
Government announces small pensions pot consolidator

Government announces small pensions pot consolidator

Pension Schemes Bill measure will reduce admin costs and boost pots

Jonathan Stapleton
clock 24 April 2025 • 2 min read
Trustpilot