DC guarantees have already failed

Peter Hudson gives his take on guarantees

clock •

Given there are no certainties in life apart from death and taxes, it seems a little puzzling that Steve Webb, the pensions minister, is proposing that pensions could, in future, be made ‘money safe'.

As auto-enrolment is rolled out later this year, this appears to mean that all payments, from employer, employee and tax rebates, would provide a guaranteed minimum sum that will be received upon r...

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 Industry

TPR finds lack of formal governance among small DC schemes

TPR finds lack of formal governance among small DC schemes

Just 27% of small DC schemes have formal governance arrangements in place despite increasing complex decisions

Alex Levy
clock 04 November 2026 • 2 min read
'Growing appetite' for retirement solutions that balance flexibility with security

'Growing appetite' for retirement solutions that balance flexibility with security

SPP survey finds ‘flex then fix’ option growing in popularity as retirement thinking ‘evolves’

Holly Roach
clock 04 November 2026 • 1 min read
Government maintains AE earning thresholds for 2027/28

Government maintains AE earning thresholds for 2027/28

Earnings trigger, LEL and UEL will remain the same as 2026/27

Holly Roach
clock 04 November 2026 • 2 min read
Trustpilot