I’ve been talking a lot about collective pensions to the point that you may think I’m disinterested in”pots” arising from DC pension saving. This is not the case.
This blog is about an excellent report produced by this group of DC consolidators that do it using personal pensions. Here the investment can be done yourself (SIPP) or left to fund managers as simple personal pensions. Here is the list- delivered alphabetically.
congratulations to them for working together
Transfers are not restricted to “pots”. In years to come you’ll be able to transfer to CDC as you can today with a public sector pension (including LGPS) ; with pension schemes you can swap DC pots for inflation linked pension.
But right now it is the retail personal pensions who are doing the heavy lifting for everybody else and having to do so because many of those providers not on this list are the cause of the trouble.
Here is the executive summary of the report…
If this is not important to the pensions industry, I do not understand . I have just returned from three days when pensions were discussed. Personal pensions were not discussed at any time, by anyone on the dance floor of its auditoriums.
Here is the finishing paragraph of the executive summary. It is of course a two way transfer
The Pension Commission is looking into the fate of those mentioned above who have no occupational pension or even workplace saving for a pension. Those people include the self-employed and those who have left work for whatever reason (including health) who must make the best of what they’ve saved. They are being badly treated and here is the report for you to read here or download here
