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

Join now

 

Already a Professional Pensions
member?

Login

More on Regulation

Rise in reported cyber incidents in 2023/24

Rise in reported cyber incidents in 2023/24

Eversheds Sutherland finds 284 reported cyber incidents occurred in last financial year for pensions

Jasmine Urquhart
clock 22 November 2024 • 1 min read
TPO orders trustee director to repay £9.7m into schemes

TPO orders trustee director to repay £9.7m into schemes

Former director of trustee firm ordered to pay into Uniway Systems and Genwick schemes

Jasmine Urquhart
clock 19 November 2024 • 1 min read
SPP says multi-employer CDC regulations could be 'unduly onerous' in areas

SPP says multi-employer CDC regulations could be 'unduly onerous' in areas

Trade body says it mostly supports the DWPs proposed regulations

Jasmine Urquhart
clock 18 November 2024 • 1 min read
Trustpilot