DC guarantees have already failed

Peter Hudson gives his take on guarantees

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Given there are no certainties in life apart from death and taxes, it seems a little puzzling that Steve Webb, the pensions minister, is proposing that pensions could, in future, be made ‘money safe'.

As auto-enrolment is rolled out later this year, this appears to mean that all payments, from employer, employee and tax rebates, would provide a guaranteed minimum sum that will be received upon r...

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