Defined Benefit pension schemes (also known as Final Salary pension schemes) are a form of pension that is offered by employers. The main feature is that such a scheme offers you a guaranteed income for life when you retire that is based on a proportion of your ‘final salary’ that you were earning before you retired, and normally increases in payment.
To make sure you understand the main points, please click on the link below to see the guide to Defined Benefit pensions, and please note that the guide has been kindly provided to us by Scottish Widows.
For further information please also view the video available at the Financial Conduct Authority.
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Andrew was really helpful in explaining the pension process and carried out all the work finding appropriate pensions provider. Would recommend Andrew to friends and family. Mr D, Northampton – Oct 2022
The service from Heidi (and Mike at the start of the process) has been so professional and reasonable. Heidi has been so supportive throughout what has been a roller-coaster of a journey with many changes and providing adaptable and detailed help throughout it all. The nerves and unknown process of buying my first house was […]
Michael took the time to fully explain everything as it was quite daunting as I’d never done this before. Michael is a very calming and courteous person to deal with. Mrs H, Kettering – Aug 2022
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