Industry calls for ban on pension switching incentives

PP survey finds 61% back calls for ban and voice concerns over need for the practice

Jonathan Stapleton
clock • 2 min read
Incentives to transfer DC pensions may lead people to make suboptimal decisions
Image:

Incentives to transfer DC pensions may lead people to make suboptimal decisions

Nearly two-thirds of the industry believe pension switching incentives should be banned, the latest Professional Pensions poll shows.

The results of last week's Pensions Buzz survey found 61% of respondents believed pension switching incentives should be banned, against 29% who said they should not and 10% who said they were unsu...

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 master trust outcomes 'significantly improved' since 2022 gilt market volatility

DC master trust outcomes 'significantly improved' since 2022 gilt market volatility

Hymans says master trust members have benefited from ‘favourable’ market conditions

Holly Roach
clock 21 November 2024 • 2 min read
Major master trusts express concern over government's approach to DC consolidation

Major master trusts express concern over government's approach to DC consolidation

Smart Pension and SEI both raise concerns over chancellor’s plans and timelines

Jonathan Stapleton
clock 18 November 2024 • 5 min read
'Decisive action' needed to address £100,000 gender pensions gap

'Decisive action' needed to address £100,000 gender pensions gap

20th Scottish Widows ‘Women and Retirement report’ addresses progress on gender pensions gap

Jasmine Urquhart
clock 13 November 2024 • 4 min read
Trustpilot