Obstacles for savers to switch pension plans are 'mythical barriers'

Hymans Robertson paper finds three obstacles for DC savers to switch scheme arrangements

Martin Richmond
clock • 2 min read
Hymans Robertson DC plan effectiveness consultant Rachel Haggarty
Image:

Hymans Robertson DC plan effectiveness consultant Rachel Haggarty

A number of perceived obstacles for defined contribution (DC) savers to switch their pension scheme arrangements are “mythical barriers”, according to Hymans Robertson.

The consultancy's paper, Debunking the myths of moving pensions arrangements, examined the misconceptions savers may have regarding moving their DC scheme and found three misconceptions surrounding...

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

Growth of DC will require reforms to help savers manage risks, IFS says

Growth of DC will require reforms to help savers manage risks, IFS says

IFS report says savers facing ‘stark’ challenges managing DC pensions through retirement

Martin Richmond
clock 01 April 2025 • 7 min read
Scottish Widows evolves workplace default

Scottish Widows evolves workplace default

New default to ‘maximise pension growth potential’ with high equities exposure

Jasmine Urquhart
clock 27 March 2025 • 2 min read
Defined Contribution Conference 2025: Registration open!

Defined Contribution Conference 2025: Registration open!

This year's event is being held in central London on 18 June

Professional Pensions
clock 26 March 2025 • 1 min read
Trustpilot