Webb: DA will not be prescriptive on DB-lite & DC-plus

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Pensions minister Steve Webb says the upcoming consultation on defined ambition will not set out prescriptive single-model options for enhanced defined benefit (DB) and defined contribution (DC) provision.

The minister confirmed to Westminster Employment Forum delegates that the paper, which will be published "very shortly", will focus on three strands: flexible DB; risk sharing; and risk pooling, or...

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