Government proposals to scrap restrictions on pensions access could lead to a further wave of employers closing defined benefit (DB) plans to future accrual.
Government proposals to scrap restrictions on pensions access will pave the way for collective defined contribution (CDC) schemes, Barnett Waddingham says.
The AMNT’s Janice Turner says members should have better advice at retirement
Legislation to establish the necessary changes for defined ambition (DA) is expected to reach Parliament in 2015.
Is collective defined contribution a tested failure or the only way forward?
Allowing defined contribution (DC) members to buy pensions in defined benefit (DB) sections can significantly drive up liabilities, HSBC Bank Pension Trust chief executive Lesley Alexander warns.
This week respondents give their thoughts on which defined ambition options will appeal to businesses, large and small.
Shadow pensions minister Gregg McClymont has attacked the government's consultation on scheme charges as too short and "phoney".
Small employers and those who have not previously offered pensions are unlikely to adopt the Department for Work and Pensions' (DWP) defined ambition (DA) ideas, Steve Webb says.
Pensions minister Steve Webb says the upcoming consultation on defined ambition will not set out prescriptive single-model options for enhanced defined benefit (DB) and defined contribution (DC) provision.