In the UK, final salary pension schemes have historically formed the backbone of what has become an ...
In the UK, final salary pension schemes have historically 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 of choosing the most appropriate investment vehicle or investment manager. Educating the member of the company pension scheme on the quality of benefits they are 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 i...
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