TUC warns DC flexibilities will allow 'perfectly legal' rip offs

Stephanie Baxter
clock

The Trades Union Congress (TUC) has warned that savers will be ripped off in ways that are "perfectly legal" when they can access their defined contribution (DC) pension pots from this April.

Speaking to PP, head of campaigns and communications Nigel Stanley said the risk of people being sold something of poor value yet technically legal is one of the downsides of the April Budget chang...

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 Law and Regulation

PPI: The opportunity for joint working to improve retirement outcomes

PPI: The opportunity for joint working to improve retirement outcomes

Mariana Garcia Requejo says greater alignment will be integral to creating a coherent decumulation market

Mariana Garcia Requejo
clock 20 May 2025 • 4 min read
How TPR is using regulatory intervention reports

How TPR is using regulatory intervention reports

Chris Edwards-Earl takes a look at the RIR for the MGN Pension Scheme

Chris Edwards-Earl
clock 16 May 2025 • 3 min read
Government launches LGPS consultation proposing reforms to improve fairness

Government launches LGPS consultation proposing reforms to improve fairness

Government says reforms will bring ‘fairness’ and ‘equality’ to workers in the LGPS

Martin Richmond
clock 15 May 2025 • 6 min read
Trustpilot