Saturday, 27 May 2017
Younger, lower-paid, workers worst affected by deficit payments
Defined benefit schemes need to do more to support members with freedom and choice
The 70-year old scheme says its time to move from election to selection
A pension scheme which provides its members with a pre-determined level of pension on retirement, usually a proportion of their salary relative to the number of years they have worked for the employer. 'Final salary' schemes are the most common type but other forms include career average schemes.