Defined Ambition

Pensions minister Steve Webb has confirmed that an update for the defined ambition (DA) project will be published in the summer.

Two out of five contributors think none of the Department for Work and Pensions' preferred options for defined benefit-lite will find favour with employers. Among those who thought some of the ideas might be taken up, the majority thought cash balance...

The government should focus on improving defined contribution (DC) provision in developing the defined ambition agenda, according to the TUC.

The Department for Work and Pensions has whittled down its preferred structures of defined ambition schemes to three ‘DB-lite' models.

The majority of defined contribution savers say they would prefer to a pension scheme that was designed around providing a target retirement income, research from Hymans Robertson shows.

It would seem most contributors still think there is life left in defined ambition. But sadly a closer inspection of responses reveals that many who said the accelerated ending of contracting out had not killed DA thought this was because the idea was...

Taha Lokhandwala analyses the DA options that are most attractive to the industry

Henry Tapper on the DWP's invitation to actuaries to create a DA system

Rachel Dalton analyses the ending of contracting out

Pensions minister Steve Webb has said the abolition of contracting out, brought forward to 2016, does not mean defined ambition proposals must be finished earlier.