Gov't Urged To Ban Cash Incentives For Pension Switching

Wed Apr 10 10:56:14 PDT 2024

Gov't Urged To Ban Cash Incentives For Pension Switching
<https://www.law360.co.uk/financial-services-uk/articles/1823247?nl_pk=a94fc7ab-a9ab-4472-a647-9bf619c7b000&utm_source=newsletter&utm_medium=email&utm_campaign=financial-services-uk&utm_content=2024-04-10&read_main=1&nlsidx=0&nlaidx=4>

By Joel Poultney

The government should ban pension providers from offering cash incentives
for savers to switch plans because the practice encourages people to ignore
the "fine print" and move over to a worse option, new research by a
provider of retirement savings plans suggests.

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<https://www.law360.co.uk/financial-services-uk/articles/1823247?nl_pk=a94fc7ab-a9ab-4472-a647-9bf619c7b000&utm_source=newsletter&utm_medium=email&utm_campaign=financial-services-uk&utm_content=2024-04-10&read_more=1&nlsidx=0&nlaidx=4>
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<https://www.law360.co.uk/financial-services-uk/articles/1823247?nl_pk=a94fc7ab-a9ab-4472-a647-9bf619c7b000&utm_source=newsletter&utm_medium=email&utm_campaign=financial-services-uk&utm_content=2024-04-10&read_later=1&nlsidx=0&nlaidx=4>
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