Wednesday November 25, 2020

Should you leave your defined-benefit pension scheme?

With the uncertainty surrounding DB pension schemes, you should weigh up all options before you make any decisions about your future, writes Brendan McGinn.

9th March, 2014

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...

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