Reinvigorating Workplace Pensions

Defined benefit consulting
Date published:
On 22 November 2012, the Department for Work and Pensions (DWP) published its long-awaited strategy paper ‘Reinvigorating workplace pensions’ which sets out some possible ideas for so-called ‘defined ambition’ (DA) schemes. It is not a formal consultation; however, the DWP intends to have discussions with industry and consumer bodies to develop possible DA designs. In the short term, the DWP aims to publish, possibly jointly with industry, a framework for DA pensions, although no specific time frame is given.