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The UK government has been urged to rethink its lifetime provider model proposal for pension savers. The call was made by the Society of Pension Professionals (SPP). The group, which represents a wide range of providers of pensions advice and services to schemes, trustees and employers, said the model would be
The Society of Pension professionals urges Government to rethink Lifetime Provider Model
Government is expected to issue responses to call for evidence in due course
Only one third (35%) of pension savers say they are confident in making retirement decisions, research from TPT Retirement Solutions has found.
Chancellor Jeremy Hunt certainly generated headlines following the Autumn Statement last year with his pot for life or lifetime provider proposals.