The majority (69%) of employees are not in favour of the lifetime provider model, a survey by the Pensions and Lifetime Savings Association (PLSA) has found.
A pension ‘pot for life’ will reduce the accumulation of small pots and “complement” existing consolidation measures, a paper from the Social Market Foundation (SMF) has said.
In the Society of Pension Professionals’ (SPP’s) latest column for Professional Pensions, the organisation’s president says the government should be commended for their bold approach in tackling some of the issues in pensions but warns against quick implementation.