ABI attacks defined ambition project

In a wide-ranging report on saving launched on 9 July to coincide with the ABI's biennial conference the association pointed out what it believes are significant problems with DA. It said: "While such products have the benefit of apparent simplicity to the employee, they also face formidable obstacles. "If the intention is to reassure an employee that year-on-year contribution levels will always increase the fund in its early years, it will dictate an investment strategy that will probably be too risk averse to achieve the desired end result." Aside from this, the ABI said that a g...