LCP: Increase freedom and choice for DB members

Consultancy says transfer regulations are ‘sticking plasters’ on an ‘ineffective process’

Martin Richmond
clock • 2 min read
Fairs: It is clear that the current process is painfully slow and exposes members to some uncomfortable risks
Image:

Fairs: It is clear that the current process is painfully slow and exposes members to some uncomfortable risks

Lane Clark & Peacock (LCP) has called on the government to consider amendments to the pension freedoms rules to provide defined benefit (DB) members with a greater level of freedom and choice when accessing their benefits.

In a blog published today (2 June), LCP partner and former executive director of regulatory policy at The Pensions Regulator David Fairs said following the introduction of the Pension Schemes Act 2...

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 Benefit

Tender Watch: Utmost Life and Pensions appoints Atos

Tender Watch: Utmost Life and Pensions appoints Atos

Partnership means digital transformation firm will lead cloud transformation journey

Professional Pensions
clock 13 February 2025 • 1 min read
Professional Pensions' DB Funding Index

Professional Pensions' DB Funding Index

How the funding of defined benefit pension schemes is changing

Jonathan Stapleton
clock 11 February 2025 • 1 min read
Combined IAS19 surplus of FTSE 100 companies rises to £70bn in January

Combined IAS19 surplus of FTSE 100 companies rises to £70bn in January

LCP Pensions Explorer measured £5bn increase in FTSE 100 surplus since last month

Jasmine Urquhart
clock 07 February 2025 • 1 min read
Trustpilot