Defined Ambition pensions: A review of some opportunities for insurers
UK pensions are undergoing a revolution. Part of this revolution is the genesis of a new class of occupation pension scheme to occupy a middle ground between Defined Contribution and Defined Benefit. The new approach, Defined Ambition (DA), explicitly envisages some degree of hard guarantee being provided to members, which could help demonstrate the value of pension provision, improve engagement and encourage persistent savings habits. The goals, challenges, risks and opportunities related to DA resonate broadly across the insured pensions market.
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- Matthew Cocke (London): [email protected]
- Neil Dissanayake (London): [email protected]
- Russell Ward (London): [email protected]
About the Author(s)
Defined Ambition pensions: A review of some opportunities for insurers
Defined Ambition aims to provide scheme members with a higher degree of certainty over the ultimate outcome of their pension savings activities whilst simultaneously avoiding the creation of additional balance sheet liabilities for employers.