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Minister calls for 'defined ambition' pensions

Minister calls for 'defined ambition' pensions
Companies should look at offering Dutch-style 'defined ambition' pensions, according to Pensions Minister Steve Webb. Under the proposal, companies would offer employees a measure of assurance about the size of their final pension, albeit not with the same degree of certainty as under a final salary scheme.

The Mail on Sunday reports that Tory MPs on the 1922 Committee angrily confronted Sir George Young, accusing him of 'colluding' to ensure Parliamentarians paid more into their pension schemes.

Green Box: Minister calls for 'defined ambition' pensions Click to open

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