Defined Ambition Pensions
7 November 2013 Government trying to offset decline of Defined Benefit pensions with Defined Ambition DA aims to be a more flexible half-way house between DB and DC – but with hard guarantees Government trying to find ways to offset falling state pensions But guaranteed pensions in private sector are still risky – while public sector remains protected Demise of private sector final salary schemes reduces future private sector pensions: The UK once had a private pension saving system that was the…