People on final salary schemes have not transferred their pensions But one category of saver has stood aloof.
Britons with final pension salary schemes remain nervous about transferring their pensions, new research shows.
Most of those who have transferred since the popular reforms were introduced in April 2015 were members of so-called “money purchase” or “defined contribution” pensions.With this type of scheme your money is invested in shares, cash, bonds and other assets and the size of your pot at retirement depends on how they perform.By contrast the income paid by a final salary or “defined benefit” scheme is guaranteed, based […]
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