Transition plan and single regulator needed ahead of lifetime provider launch

Patrick Heath-Lay says hurdles must be overcome to make pot for life proposals work

clock • 5 min read
Patrick Heath-Lay is chief executive of the People’s Partnership, provider of The People’s Pension
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Patrick Heath-Lay is chief executive of the People’s Partnership, provider of The People’s Pension

When the chancellor told parliament in November that he would consult on the idea to allow defined contribution savers to have one pot for life, it signalled the start of an intense industry-wide debate.

While the Department for Work and Pensions' (DWP's) call for evidence ended yesterday (24 January), the conversations around whether or not to allow people to instruct future employers to pay pensi...

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