Scrapping defined benefit (DB) indexation will be controversial but collective defined contribution (DC) plans outlined in the government's defined ambition (DA) paper could prove popular, the industry says.
The Department for Work and Pensions (DWP) published its DA suggestions today after a year of consultation with the industry (PP Online, 7 November). Its reforms to DB include a proposal to scra...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date