There was a time when defined-benefit (DB) pension schemes were the gold standard of retirement provision. DB schemes insulated their members from investment and longevity risks. DB benefits were guaranteed', or so it seemed. Therefore when someone changed jobs, it was inconceivable that they would surrender their DB pension by taking a transfer value to another arrangement. Why give up a guaranteed' pension?
However, the news surrounding funded DB pension schemes is now almost universally...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team