SPP urges rethink of lifetime provider model, raising cost and complexity concerns

Paper raises questions about impact on engagement, member value and competition

Jasmine Urquhart
clock • 3 min read
The SPP has raised several concerns about the implementation of the lifetime provider model
Image:

The SPP has raised several concerns about the implementation of the lifetime provider model

The Society of Pension Professionals (SPP) has released a paper questioning the benefits and risks of the lifetime provider model.

Firstly addressing the government's current pensions policy reforms including the dashboard system, the paper said these should "be given an opportunity to be implemented and assessed". The pape...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Defined Contribution

Aon DC tracker shows rise in retirement outcomes over Q1

Aon DC tracker shows rise in retirement outcomes over Q1

Tracker rises to 60.0 over the quarter following positive investment returns

Jasmine Urquhart
clock 13 June 2024 • 2 min read
Smart Pension launches diversity in workplace pensions campaign

Smart Pension launches diversity in workplace pensions campaign

Campaign follows on from launch of Smart’s Shariah-compliant halal scheme

Martin Richmond
clock 13 June 2024 • 1 min read
People's Partnership unveils plan for 'fairer' pensions system

People's Partnership unveils plan for 'fairer' pensions system

Provider says its proposals would put savers at the ‘heart’ of pensions policy

Martin Richmond
clock 07 June 2024 • 3 min read
Trustpilot