Obstacles for savers to switch pension plans are 'mythical barriers'

Hymans Robertson paper finds three obstacles for DC savers to switch scheme arrangements

Martin Richmond
clock • 2 min read
Hymans Robertson DC plan effectiveness consultant Rachel Haggarty
Image:

Hymans Robertson DC plan effectiveness consultant Rachel Haggarty

A number of perceived obstacles for defined contribution (DC) savers to switch their pension scheme arrangements are “mythical barriers”, according to Hymans Robertson.

The consultancy's paper, Debunking the myths of moving pensions arrangements, examined the misconceptions savers may have regarding moving their DC scheme and found three misconceptions surrounding...

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

Government announces small pensions pot consolidator

Government announces small pensions pot consolidator

Pension Schemes Bill measure will reduce admin costs and boost pots

Jonathan Stapleton
clock 24 April 2025 • 2 min read
Mansion House Compact II draft circulated after 'tense' negotiations

Mansion House Compact II draft circulated after 'tense' negotiations

Reports say Rachel Reeves is closing in on a £50bn deal with pension funds to ‘buy British’

Jonathan Stapleton
clock 22 April 2025 • 2 min read
Aon urges DC members to 'stay calm' amid increased market volatility

Aon urges DC members to 'stay calm' amid increased market volatility

Firm warns savers to be ‘on their guard’ against risk of scams during tariff-induced turmoil

Martin Richmond
clock 14 April 2025 • 2 min read
Trustpilot