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MyCompanyPension.co.uk - Helping members of occupational pension schemes to better understand their benefits.
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:: Scheme Member | How secure is my pension? | How secure is my defined benefit scheme?
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How secure is my defined benefit scheme?
Until quite recently, most members of traditional ‘company pension schemes’ (what we call defined benefit schemes) would have considered their pension benefits to be guaranteed.
Defined benefit schemes provide a promise – which is not a guarantee, despite the term still being in common use. The promise is valid only as long as the sponsoring employer supporting it is able to (or chooses to) keep that promise.
It is important you understand what level of security you have, as well as any risks that you face which could affect your pension scheme and the benefits it has promised to provide.
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To find out more, choose one of our free Factsheets on the right to match your category of membership.
Not sure which category of member you are? See our definitions:
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See our Glossary for definitions of phrases in our Factsheets
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This Factsheet is not yet available to members of Money Purchase schemes
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