Webb sets out 'defined ambition' pension proposals

In a paper, Reinvigorating Pensions, the DWP indicated in more detail its desire to move workplace pensions towards risk-sharing structures. It also set out proposals for reforming charges on pension schemes, and on rebuilding public trust in pensions. The report said the DWP believes greater certainty for employers and employees "by sharing the longevity and investment risks between a number of parties, including employers, individuals, insurance and investment businesses". It set out a list of elemnts any future DA scheme must display, which are: Consumer focused - a DA sche...