Govt abandons pot follows member and defined ambition pensions

The pensions minister said it was "not the right time" to ask the pensions industry to "absorb the new swathe of regulation that would be needed to make such further reforms work effectively". Altmann said in a ministerial statement: "The market needs time and space to adjust to the other reforms underway and these areas will be revisited once there has been an opportunity for that to happen." Defined ambition and pot follows member were key pension policies put forward by former pensions minister Steve Webb. Defined ambition was pitched as a halfway house between defined contribut...