Recent proposals from the Department for Work and Pensions on the funding of defined benefit (DB) pension scheme could force many employers to put an end to DB schemes, according to pensions consultancy LCP.

Collective Defined Contributions (CDC), a new type of pension scheme, have been officially launched today.

The Government is to invest £5m in expanding its mid-life MOTs for people which include a review of financial affairs and retirement plans.

Former Pensions Minister Sir Steve Webb, now a partner at pensions consultancy LCP, has urged the Department for Work and Pensions to ‘come clean’ over the scale and nature of a new round of state pension errors.