Defined Ambition

Defined ambition (DA) proposals could open the door to more flexible drawdown as master trusts provide both accumulation and decumulation vehicles, The Pensions Regulator (TPR) says.

Jonathan Stapleton says the defined ambition proposals offer a sensible solution

Small employers and those who have not previously offered pensions are unlikely to adopt the Department for Work and Pensions' (DWP) defined ambition (DA) ideas, Steve Webb says.

Scrapping defined benefit (DB) indexation will be controversial but collective defined contribution (DC) plans outlined in the government's defined ambition (DA) paper could prove popular, the industry says.

The Department for Work and Pensions (DWP) has published its long-awaited defined ambition (DA) paper, setting out three proposals for new structures for schemes.

Pensions minister Steve Webb says the upcoming consultation on defined ambition will not set out prescriptive single-model options for enhanced defined benefit (DB) and defined contribution (DC) provision.

Jack Jones looks at why defined ambition needs to succeed

Jack Jones hopes the DWP and the taxman put their heads together on risk-sharing schemes

Jack Jones looks at the unexpected impact risk sharing and transfer exercises can have on members’ tax bills

Jack Jones talks to LCP’s Bob Scott about the consultant’s 20th annual survey of pensions at FTSE100 firms