Pot for life reforms could be a game changer for UK pension provision

David Lane says long-term benefits outweigh short-term implementation challenges

clock • 4 min read
David Lane: The lifetime provider proposals have the potential to end small pots, increase engagement, boost pension saving, and spur innovation.
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David Lane: The lifetime provider proposals have the potential to end small pots, increase engagement, boost pension saving, and spur innovation.

Chancellor Jeremy Hunt certainly generated headlines following the Autumn Statement last year with his pot for life or lifetime provider proposals.

These sought to address the problem where employers choose which scheme eligible employees join but which has concomitantly resulted in most members amassing several, typically small, pension pots ...

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