Can collective pension schemes work in the United Kingdom?

Abstract

‘Defined Ambition’ is the latest buzzword to hit the pensions world. What does it mean, and can pension schemes run on these principles actually work? Members will need to be convinced by those running such schemes that they have the necessary skill to provide a fair outcome for all. Most importantly, a clear and stable regulatory environment, which cannot be easily overturned by future governments, will be needed to convince employers to back such schemes.