Savers urged to be cautious on DC consolidation

New research paper highlights the benefits and drawbacks of consolidation

Martin Richmond
clock • 2 min read
Savers urged to be cautious on DC consolidation

Savers should carefully consider whether to consolidate their defined contribution (DC) pensions into one pot, according to new research published by Lane Clark & Peacock (LCP).

The consultancy's 'Five reasons to consolidate your DC pensions - and five reasons to be careful' paper - published today (22 August) - considers the benefits, and the drawbacks for savers opting t...

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 Defined Contribution

Most savers did not seek Pension Wise guidance in last four years

Most savers did not seek Pension Wise guidance in last four years

Just Group analysis shows only 5% of DC savers had in-person appointments with Pension Wise

Martin Richmond
clock 19 May 2025 • 2 min read
Low member engagement biggest obstacle to a default retirement solution, XPS says

Low member engagement biggest obstacle to a default retirement solution, XPS says

XPS research finds 37% cite low engagement as main challenge to implement retirement solutions for DC members

Martin Richmond
clock 15 May 2025 • 1 min read
DC Conference Manchester: Register now!

DC Conference Manchester: Register now!

The DC event is being held at Manchester on 17 September

Professional Pensions
clock 14 May 2025 • 1 min read
Trustpilot