Industry condemns rush to abolish short service refunds

clock

The Department for Work and Pensions has been criticised over its plan to ban short service refunds before putting in place an automatic transfer system.

The DWP announced yesterday that it could end short service refunds as early as 2014, while the pot follows member system to consolidate small pots is not expected to be in place until 2015 at the ...

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

DC providers' accumulation performance gap rises in 2024, research shows

DC providers' accumulation performance gap rises in 2024, research shows

Research finds performance gap between providers in accumulation phase stood at 14.4%

Martin Richmond
clock 04 March 2025 • 3 min read
PPI calls for 'new approach' to Gen Z retirement planning

PPI calls for 'new approach' to Gen Z retirement planning

PPI report commissioned by IFoA looks at challenges the generation faces in retirement

Jasmine Urquhart
clock 26 February 2025 • 3 min read
Partner Insight: Why more support is needed to help avoid retirement savings shortfall

Partner Insight: Why more support is needed to help avoid retirement savings shortfall

With some retirees facing nearly a decade of unfunded retirement, Jayesh Patel - Head of DC Clients at Legal & General - discusses how to help savers better plan for the duration of their retirement years.

Trustpilot