Providing a secure and stable income in retirement, defined benefit pensions are considered one of the best types of pension to have
A defined benefit pension plan, also known as a final salary pension, is a type of workplace pension in which the amount you receive in retirement depends on the number of years you have worked for your employer and your final salary.
How much you get is determined by the rules of your pension scheme, rather than investments or the amount you’ve paid in. How does a defined benefit pension work? If you’re lucky enough to have a […]
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