Pensions Body Calls For Gov't Rethink On Consolidation

Law360, London (July 21, 2021, 4:38 PM BST) -- The government should not push midsized retirement savings plans to wind up just to make it easier for regulators to keep an eye on the market, an industry body has said.

The Society of Pension Professionals said in a statement that Britons saving for retirement could be getting better value for their money in a smaller plan than a larger one. 

The Department for Work and Pensions said in June that it was seeking to gather evidence from the industry on what is preventing retirement savings plans with assets of between £100 million ($136 million) and £5 billion from winding up and...

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