Webb dismisses pressure to launch DA

This week, Chancellor George Osborne announced the single-tier reforms would be brought forward a year to 2016, escalating the abolition of contracting out. It prompted calls from the industry for concrete guidance on DA, in order to prevent defined benefit sponsors pushing all members into defined contribution schemes. Speaking at the Pensions Management Institute (PMI) Spring Conference, the minister told delegates that large employers he has spoken to continually review their pensions arrangements so he did not see 2016 as a cut-off point. The minister accepted the announcement ...