DB sacrificed for step forward

Jonathan Stapleton on defined benefit's final sacrifice

Jonathan Stapleton
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A higher level of basic state pension and the scrapping of much of the means-tested old age benefits regime has been the Holy Grail of many within the occupational pensions industry.

The quest could be over following last week’s Budget speech in which George Osborne confirmed the government would implement a single-tier state pension. Pensions minister Steve Webb said a single ...

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