Short service refunds: Who pays?

Natasha Browne asks if employers will pass on the cost of change to members

clock •

Short service refunds are set to be abolished with the introduction of the Pensions Bill.

This creates the conundrum of where the extra cash will come from to plug the gap. Whether or not the refunds should ever have been used to pay for pension services is beside the point. The real...

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

Industry and regulators have a chance to shape a new era for DC pensions, TPR says

Industry and regulators have a chance to shape a new era for DC pensions, TPR says

Chair Emma Douglas says the pension system is ‘unfinished business’

Martin Richmond
clock 02 October 2026 • 5 min read
Employee contributions to DC schemes rise to £3.2bn

Employee contributions to DC schemes rise to £3.2bn

Latest ONS data shows deferred memberships of DC schemes also increasing

Alex Levy
clock 02 October 2026 • 2 min read
Pensions minister calls for 'acceleration of progress' on UK growth investment

Pensions minister calls for 'acceleration of progress' on UK growth investment

Torsten Bell says Mansion House pledge date of 2030 is ‘practically tomorrow’

Jonathan Stapleton
clock 01 October 2026 • 3 min read
Trustpilot