Govt to set out defined ambition pension plans 'very shortly'

The minister confirmed to Westminster Employment Forum delegates that the paper, which will be published "very shortly", will focus on three strands: flexible DB; risk sharing; and risk pooling, or collective DC (CDC). Webb said time is "running out" to get options on the table for private sector employers still running DB schemes. He explained: "Contracting-out ends in 2016. Big occupational schemes that are still left in the DB space are making decisions over the next year. "Some of them are consulting today, and those schemes need to know what their options are if they're going ...