SPP cautions against pot for life measures

Response to DWP consultation highlights concerns about lower quality and payroll complexity

Jasmine Urquhart
clock • 2 min read
The SPP has warned against potential complications surrounding the 'pot for life' proposals
Image:

The SPP has warned against potential complications surrounding the 'pot for life' proposals

The Society of Pension Professionals (SPP) has shared its “grave concerns” about the potential adoption of a lifetime provider model, in its response to the call for evidence from the Department for Work and Pensions (DWP).

The organisation's response acknowledged the DWP's efforts to develop a "sustainable long-term strategy" for defined contribution (DC) pensions, and to tackle issues such as the proliferation of sm...

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