Three things we learned this week

Webb: defined ambition return guarantees a 'stunning sales pitch' Pensions minister Steve Webb has reiterated his interest in providing guaranteed returns in defined contribution schemes to create of risk-sharing ‘defined ambition' vehicles, describing it as a "stunning sales pitch". Speaking at the Cass Business School, Webb said the idea of a member paying an up-front premium in return for guaranteed returns would give incentive for members to stay. The premium would also tackle employers' fear of short tenure, he said. Although he accepted the probability of a guarantee kicking i...