SPP cautions against pot for life measures

Response to DWP consultation highlights concerns about lower quality and payroll complexity

Jasmine Urquhart
clock • 2 min read
The SPP has warned against potential complications surrounding the 'pot for life' proposals
Image:

The SPP has warned against potential complications surrounding the 'pot for life' proposals

The Society of Pension Professionals (SPP) has shared its “grave concerns” about the potential adoption of a lifetime provider model, in its response to the call for evidence from the Department for Work and Pensions (DWP).

The organisation's response acknowledged the DWP's efforts to develop a "sustainable long-term strategy" for defined contribution (DC) pensions, and to tackle issues such as the proliferation of sm...

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

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

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