Government propose new type of workplace pension

Government propose new type of workplace pensionFollowing the demise of many final salary and defined benefit pension schemes the government is consulting on new types of work place pensions to provide guaranteed pensions for workers. According to Steve Webb, Minister for Pensions, the government is to consult on a number of options and is looking for a solution which provides either a guaranteed pension pot or guaranteed income, where the risks of the scheme are shared more equally between employee and employer. In an interview with the ...