Webb reiterates support for guaranteed return model of DA

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Pensions minister Steve Webb has reiterated his interest in providing guaranteed returns in defined contribution schemes to create of risk-sharing ‘defined ambition' vehicles, describing it as a "stunning sales pitch".

Speaking at the Cass Business School, Webb said the idea of a member paying an up-front premium in return for guaranteed returns would give incentive for members to stay. The premium would also tac...

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