Designing ambition

Taha Lokhandwala analyses the DA options that are most attractive to the industry

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As we move closer to the end of contracting out the industry has been awash with comments on ensuring a suitable replacement for defined benefit.

Pensions minister Steve Webb dismissed claims that defined ambition, the mooted replacement, would need to be in place by 2016 to avoid a wholesale shift to defined contribution. However, he accept...

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