Webb hopes DA won't be rejected as humbug

Rachel Dalton on Webb's use of Lloyds as an illustration of DA

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Maybe it's because Christmas is already bearing down on us, but pensions minister Steve Webb's latest pronouncement on defined ambition (DA) seems to me to have a distinctly wintery, Dickensian ring to it.

Last week Webb held up the opposing fates of Lloyds Banking Group (LBG) staff and soon-to-be TSB employees as illustrations of the alternative futures for pensions, A Christmas Carol style. In t...

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