Aviva and Hargreaves Lansdown have proposed an alternative system to pot follows member in which members' pensions do not transfer when they move jobs, but their new employers pay into their old schemes.
The "one member, one pot" approach is designed to counteract the risk associated with transferring pots automatically from old to new employers' schemes, as proposed by the Department for Work and Pensions...
This week's edition of Professional Pensions is out now.
Nearly 60% of UK employers consider defined contribution (DC) master trusts to be the "most suitable" pension fund for their employees, according to research by Buck.
Companies which have tried to dodge their pension duties by changing their identities are being "hunted" by The Pensions Regulator (TPR) in a crackdown on non-compliance with auto-enrolment (AE).
Removing liquidity restrictions would enable DC funds to capitalise on the potentially higher and safer returns that DB schemes have benefitted from, says Patrick Marshall.