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 • 5 min read
Smart Pension's Jamie Fiveash and SEI's David Snowdon
Image:

Smart Pension's Jamie Fiveash and SEI's David Snowdon

Two major master trust consolidators – Smart Pension and SEI Master Trust – have expressed concern over the way the chancellor is looking to consolidate the defined contribution (DC) scheme market.

On Thursday, the government has published the interim report of its Pensions Investment Review – setting out proposals it is consulting on to "deliver scale and consolidation" of the defined contri...

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

'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
Pensions dashboards could lead to more than £2bn in lost savings by 2030

Pensions dashboards could lead to more than £2bn in lost savings by 2030

Research finds two-fifths of savers likely to use dashboards to carry out a pension transfer

Martin Richmond
clock 13 November 2024 • 3 min read
Will VfM reforms deliver what the DC industry needs?

Will VfM reforms deliver what the DC industry needs?

Jacqui Reid says there are two significant problems with the FCA’s proposed approach

Jacqui Reid
clock 13 November 2024 • 4 min read
Trustpilot