Webb floats idea of bulk transfer to cost efficient pensions

Helen Morrissey
clock

Pensions minister Steve Webb has floated plans to allow providers to bulk transfer members from legacy schemes to more cost efficient models.

Webb said there were concerns from providers that some people may miss out under the new arrangement. "There is a lot of money tied up in old-style schemes and I am looking into whether there wo...

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

No industry consensus on whether DC consolidation a positive step forward

No industry consensus on whether DC consolidation a positive step forward

PP survey finds industry split on DC consolidation proposal unveiled in Mansion House speech

Martin Richmond
clock 26 November 2024 • 2 min read
DC savers at risk of 'advice gap' at and in retirement

DC savers at risk of 'advice gap' at and in retirement

Gap could see savers miss out on knowledge required to make retirement decisions

Jasmine Urquhart
clock 25 November 2024 • 3 min read
DC master trust outcomes 'significantly improved' since 2022 gilt market volatility

DC master trust outcomes 'significantly improved' since 2022 gilt market volatility

Hymans says master trust members have benefited from ‘favourable’ market conditions

Holly Roach
clock 21 November 2024 • 2 min read
Trustpilot