The Department for Work and Pensions' (DWP) proposals for defined ambition (DA) or collective defined contribution (CDC) models must not be too prescriptive, The Pensions Regulator (TPR) chief executive Bill Galvin warns.
Last week it emerged that the DWP's summer paper on DA is likely to set out plans to introduce large-scale CDC schemes, and a spokesman confirmed the department has had "positive discussions with a...
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