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

DC retirement outcomes show improvements amid market volatility

DC retirement outcomes show improvements amid market volatility

Hymans research finds growth phase members have experienced ‘positive’ levels of investment performance

Martin Richmond
clock 13 August 2025 • 5 min read
'Double counting' issue for private market fees risks DC 'opacity and confusion'

'Double counting' issue for private market fees risks DC 'opacity and confusion'

Aon warns lack of consistency in fee disclosure could lead to ‘loss of faith’ in expanded investment universe

Jonathan Stapleton
clock 13 August 2025 • 4 min read
2024 saw record £25.5bn of DC savings from employees

2024 saw record £25.5bn of DC savings from employees

Broadstone analysis finds workers got ‘all-time high’ of £10.8bn pension tax relief

Jasmine Urquhart
clock 08 August 2025 • 2 min read
Trustpilot