Defining Ambition: Views from the industry on achieving risk sharing
This is the first in a series of research publications by the NAPF designed to promote discussion and debate about some of the key pension and investment issues of the day.
The introduction of auto-enrolment and the decline of final salary defined benefit pensions are raising important questions about how we might do pensions differently. Defined Ambition (DA) or risk sharing has been proposed as a potential way forward and this research piece brings together a group of high-profile experts to examine what a DA pension might look like. DA clearly has a role to play in how the future pensions landscape evolves, although there is a long way to go to create an environment where risk sharing schemes can flourish.
The collection of essays includes contributions from Steve Webb; the NAPF Chief Executive Joanne Segars; PPF Chief Executive Alan Rubenstein; Shadow Minister for Pensions Gregg McClymont MP; and Lord Hutton of Furness, among others.