The pensions industry has welcomed the government’s latest steps towards reinvigorating workplace pensions but has also raised concerns about how the plans will be implemented.

Over the past year, the Department for Work and Pensions and the pensions industry have engaged on "the DA project" - that is, defined ambition, which aims to find a middle ground between generous but disappearing defined benefit schemes, for which responsibility lies with the employer to pay out to members; and the increasingly-popular defined contribution schemes, which depend on an employee's contributions.