How the Budget's DC reform could damage DB for good

Naomi Rainey examines the potential impact of the government’s defined contribution revolution on defined benefit schemes

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Chancellor George Osborne tipped up the game board with his Budget announcements last week.

In what was predicted to be a "quiet" year for pensions, the government started a "revolution" for defined contribution (DC) savers. With restrictions on post-55 access to cash scrapped, a guara...

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