Shareholders pay the true price of a pension

These providers are typically offering indemnity commission of 20% on initial scheme installation plus 20% indemnity commission for new members. Armed with a basic spreadsheet, I calculate the break-even point on such a scheme is 22 years. Worse still, the scheme might not last for 22 years. The employer might go bust, upgrade to a better scheme, downgrade to an inferior scheme or stop offering a pension to his employees altogether. And then there are those schemes where advisers recommend the employer shifts the whole scheme to another provider because they offer a better service, lower ...