Some followers of this blog will remember that I have been talking about a new concept in pension savings, Defined Ambition, for more than a little while now. In simple terms, it’s a way of providing some level of pension guarantee for those saving for their retirement. In theory this is achieved by the sharing the risk between both saver and employer.
For those not up to speed on this story, this post from last year may help:
https://www.jelfgroup.com/blog/2012/04/high-ambitions/
And although the conversation is only creeping forward, there is some progress. Crucially, a few more of the ‘talking heads’ of the industry are now mentioning this, which is usually the first step towards some level of acceptance of a new concept.
And to illustrate this, please see the following article from a pensions publication (you may need to register (it’s free!) to see the content):
A very long way to go on this yet, but will keep you posted as the conversation develops.
Best regards
Steve
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