Reports and Briefing Notes

How could a Lifetime Provider Model impact members, employers, and industry?

The Pensions Policy Institute (PPI) is today releasing an Independent research report, 'How could a Lifetime Provider Model impact members, employers, and industry?'

In 2023 the Government announced plans to explore options for multiple default consolidator vehicles, to manage small, deferred member DC pension pots, and proposed a Lifetime Provider Model, to prevent small deferred pots building up in the future. This report considers the potential impact of the Lifetime Provider Model on key stakeholders and explores policy implications for the wider market, Lifetime Provider policy infrastructure and how this policy could be sequenced alongside other policy agendas.

To support this report and the PPI’s response to the call for evidence, on January 15th 2024, the Pensions Policy Institute (PPI) facilitated a policy workshop, kindly hosted by the Association of British Insurers, to discuss proposed policy reforms relating to the Lifetime Provider Model. The policy workshop was attended by 50 people representing different stakeholder groups including members, industry, pension providers, and employers. The PPI is grateful to the workshop attendees for helping to develop the themes in this report.

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