PP Live: Industry must look to solve its own problems, Opperman says

The pensions minister says DC schemes must be willing to consolidate

Hope William-Smith
clock • 1 min read
Pensions and financial inclusion minister Guy Opperman
Image:

Pensions and financial inclusion minister Guy Opperman

Defined contribution (DC) schemes must “step up” and “solve their own problems” when it comes to fixing the DC market and the existing number of small schemes creating a clogged market of unclaimed small pots, the pensions minister says.

Speaking this morning (14 September) at PP Live, pensions and financial inclusion minister Guy Opperman reiterated his push for the consolidation of small DC schemes in order to help the industry m...

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

Will the Pensions Review herald long overdue integrated policy making?

Will the Pensions Review herald long overdue integrated policy making?

Stephanie Hawthorne asks the industry what should be the Pension Review’s priorities?

Stephanie Hawthorne
clock 24 October 2024 • 12 min read
Three key policy asks to ensure better decumulation outcomes for savers

Three key policy asks to ensure better decumulation outcomes for savers

Standard Life sets out its wishlist for decumulation reform

Jonathan Stapleton
clock 24 October 2024 • 3 min read
PLSA 24: DC consolidation must be in the members' best interest

PLSA 24: DC consolidation must be in the members' best interest

Industry panel says efforts to address adequacy and consolidation efforts must be right for savers

Martin Richmond
clock 17 October 2024 • 3 min read
Trustpilot