The government’s proposed workplace pension scale framework must focus on member outcomes rather than consolidation for the sake of it, while recognising scale already achieved through shared investment strategies and pooled assets, industry figures have argued.

The comments were made in response to the Department for Work and Pensions’ (DWP) Discussion paper on key elements of the Scale Policy, which closes on 7 September.

Standard Life backed the government’s ambition to increase the scale of workplace pensions, highlighting the potential benefits of stronger governance, more sophisticated investment strategies and improved long-term outcomes.

However, it warned that the proposed Main Scale Default Arrangement (MSDA)…