Historically, UK final salary pension schemes have formed the backbone of what has become an extreme...
Historically, UK final salary pension schemes have formed the backbone of what has become an extremely healthy pensions industry. They are arguably the best option for members as they provide certainty of pension benefit without the responsibility for choosing the most appropriate investment vehicle or investment manager. Educating the member on the company pension scheme and the quality of benefits he or she is to receive is certainly beneficial as it promotes increased awareness and encourages voluntary contributions. However, as the benefit is guaranteed, this is not as critical as in t...
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