Pensions minister Steve Webb has said he envisages automatic transfers being used in defined benefit (DB) schemes to counter the issue of deferred members.
Speaking at the Pensions and Benefits Show 2013, Webb responded to criticism from a delegate regarding inaction on issues for DB schemes and the struggle companies have dealing with deferred member...
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