Thursday, 30 March 2017
DB scheme consolidation is this year’s hot topic. But can the pensions industry find sufficient harmony to make it happen?
A new scheme will provide certainty and higher benefits for BHS scheme members
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.