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

FOS issues consultation on compensation interest payments

FOS issues consultation on compensation interest payments

Consultation comes after call for input on FCA and FOS collaboration on improving redress

Jasmine Urquhart
clock 06 June 2025 • 1 min read
ACA calls for 'pragmatic and successful' DB surplus release regime

ACA calls for 'pragmatic and successful' DB surplus release regime

Chair Stewart Hastie praises minister’s recent commitment to reforms

Jasmine Urquhart
clock 06 May 2025 • 1 min read
Most support TPR's move to extend oversight to professional trustee firms

Most support TPR's move to extend oversight to professional trustee firms

However concern over possible regulatory ‘overreach’ and ‘mission-creep’

Jasmine Urquhart
clock 15 April 2025 • 2 min read
Trustpilot