Policy giants butt heads over contributions onus

Former pensions ministers and policy experts quizzed by the WPC

Hope William-Smith
clock • 6 min read
Policy giants butt heads over contributions onus

Former pensions minister Baroness Ros Altmann and Baroness Jeannie Drake have clashed with Sir Steve Webb in parliament over whether employers or employees should bear the brunt of much-needed additional contributions in defined contribution (DC) pots.

The disagreement came after Webb - also a former pensions minister - appeared alongside Altmann and Drake at a Work and Pensions Committee (WPC) evidence session yesterday (8 June) where the three ...

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

Join now

 

Already a Professional Pensions member?

Login

More on Defined Contribution

Life expectancy changes could mean future retirees will face inadequate incomes

PPI research finds DC savers at risk of inadequate retirement

2023 Future Book finds longer life expectancy risks inadequate DC pensions for young savers

Jasmine Urquhart
clock 26 September 2023 • 3 min read
The case for greater engagement during decumulation

The case for greater engagement during decumulation

James Carter looks at providing value for money during retirement

James Carter
clock 25 September 2023 • 3 min read
Izat: Pensions dashboards have the potential to 'radically change' people’s ability to understand and manage their pension savings

Standard Life and Moneyhub set out plans for commercial pensions dashboard delivery

Deal will see dashboard ready to launch as soon as FCA approval process is in place

Jonathan Stapleton
clock 25 September 2023 • 3 min read
Trustpilot