Defined Ambition

Rachel Dalton on Webb's use of Lloyds as an illustration of DA

The Association of Consulting Actuaries (ACA) has urged the industry to throw its weight behind pensions minister Steve Webb's defined ambition (DA) plans.

Helen Morrissey says Lord Hutton is right about defined ambition

JLT’s Mark Wood says DA could save some final salary schemes but shut others

Recent developments at Lloyds Banking Group (LBG) demonstrate the "two futures" of DB provision that could be solved with defined ambition (DA) proposals, pensions minister Steve Webb says.

This week respondents give their thoughts on which defined ambition options will appeal to businesses, large and small.

The industry is less convinced that DA will be taken up by smaller companies, with almost half this week's respondents saying no option under consideration would appeal to this sector.

Many Buzz respondents believe large employers will be interested in the Department for Work and Pensions' (DWP) defined ambition (DA) proposals.

The government should stop "banging on" about defined ambition (DA) and let the pensions industry focus on applying defined benefit (DB) investment strategies to defined contribution (DC) schemes, says Lord Hutton.

Shadow pensions minister Gregg McClymont has attacked the government's consultation on scheme charges as too short and "phoney".