Provide DB freedoms for small pots

DWP should allow ‘freedom and choice’ for small DB pots, Natasha Browne says

clock

There appears to be genuine division within the industry over whether or not the Budget freedoms should be extended directly to defined benefit (DB) members.

On the one hand, they can already take a transfer value and move into a defined contribution (DC) arrangement to get the flexibilities. On the other, this is somewhat prohibitive as it forces them ...

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 Industry

Katharine Photiou: Looking to 2025, boosting outcomes, and 'incredible change' in the industry

Katharine Photiou: Looking to 2025, boosting outcomes, and 'incredible change' in the industry

L&G’s Katharine Photiou speaks to Holly Roach following her lifetime achievement recognition

Holly Roach
clock 21 January 2025 • 5 min read
New pensions minister maintains AE thresholds following annual review

New pensions minister maintains AE thresholds following annual review

Torsten Bell has completed the annual statutory review of the AE thresholds

Holly Roach
clock 21 January 2025 • 2 min read
UK Pensions Awards 2025: Last chance to enter!

UK Pensions Awards 2025: Last chance to enter!

This year’s awards will be held on 12 June at The Brewery in London

Professional Pensions
clock 21 January 2025 • 4 min read
Trustpilot