Younger DB pension-holders at a disadvantage
Younger members of defined benefit (DB) pension schemes should consider their options carefully given the solvency risks faced by many DB schemes, according to a pension expert.
Younger members of defined benefit (DB) pension schemes should consider their options carefully given the solvency risks faced by many DB schemes, according to a pension expert.
Many DB schemes face insolvency, meaning that there may be insufficient funds to pay the promised benefits. Michael Bradley of Dublin financial advisory firm Clear Financial said members of struggling DB schemes aged 45 or younger should review their pension savings arrangement immediately.
"None of the money contributed by...
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