Just one in seven DC schemes to make members take up guidance guarantee

Michael Klimes
clock

Fewer than one in seven defined contribution (DC) schemes plan to make it mandatory for members to take up the guidance guarantee before accessing their pot, PP research finds.

Of the 73 respondents to this week's Pensions Buzz who worked with or ran DC schemes just 7% said they would make all members take guidance. A further 8% said they would make guidance mandatory for...

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 Industry

Rise in UK inflation 'unwelcome' ahead of BoE interest rate meeting

Rise in UK inflation 'unwelcome' ahead of BoE interest rate meeting

MPC meeting on interest rates to take place on 19 December

Sorin Dojan
clock 18 December 2024 • 4 min read
Rachel Reeves sets date for 'Spring Forecast' next year

Rachel Reeves sets date for 'Spring Forecast' next year

Chancellor will give accompanying statement to parliament on 26 March 2025

Sorin Dojan
clock 17 December 2024 • 1 min read
Buzz: Is the chancellor right to delay the next phase of the pensions review?

Buzz: Is the chancellor right to delay the next phase of the pensions review?

Pensions review delay, PPF levy and significant accomplishments of 2024

Professional Pensions
clock 17 December 2024 • 1 min read
Trustpilot