Does 'pot for life' spell the end of the workplace pension scheme?

Jonathan Stapleton says reforms could mark a big bang moment for pension provision

Jonathan Stapleton
clock • 3 min read
Consolidation into a 'pot for life' could spark a sea change for workplace pensions, PP editor Jonathan Stapleton says
Image:

Consolidation into a 'pot for life' could spark a sea change for workplace pensions, PP editor Jonathan Stapleton says

In 1993 there were 2,920 in-house defined benefit (DB) and defined contribution (DC) company pension schemes in Australia, now there are just 8.

The decline in Australian occupational provision coincides with the rise of the country's superannuation system - most notably the introduction of the compulsory Superannuation Guarantee in 1992, w...

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 Regulation

SPP responds to LGPS fairness consultation

SPP responds to LGPS fairness consultation

SPP supports better LGPS access for mayors, but comments on access for outsourced workers

Jasmine Urquhart
clock 09 December 2025 • 2 min read
SPP: The CDC revolution – Promise, pitfalls, and progress

SPP: The CDC revolution – Promise, pitfalls, and progress

Phil Wadsworth says CDC is a chance to reshape pensions and improve outcomes

Phil Wadsworth
clock 03 December 2025 • 3 min read
CDC and guided retirement 'must align', SPP says

CDC and guided retirement 'must align', SPP says

The SPP has responded the DWP’s consultation on collective defined contribution

Jasmine Urquhart
clock 02 December 2025 • 1 min read
Trustpilot