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MyCompanyPension.co.uk - Helping members of occupational pension schemes to better understand their benefits.
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:: Scheme Member | Types of Pension Scheme
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What's it about?
We look at the different types of employer sponsored pension scheme. Many employers are changing pension schemes in the face of swathes of legislation and high running costs. Make sure you know what your scheme is.
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What is a pension scheme?
Getting to know the basics is the best way to start
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Types of employer sponsored pension schemes
An overview of each type of scheme available
more…
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What is a defined benefit scheme?
One of the traditional and most popular employment based schemes
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What is a money purchase scheme?
Now more common with employers for pensions for their employees
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What is a hybrid scheme?
Explaining how a mixed basis scheme can work
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What is a final salary scheme?
Final salary is just one type of defined benefit scheme
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What is career average revalued earnings?
Another type of defined benefit scheme – read the important differences
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What is a cash balance scheme?
A money purchase type of arrangement but with important differences
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What is an underpin?
Takes a look at how one type of scheme supports another
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What is a money purchase underpin?
Defined benefit but with a twist. Can you have the best of both?
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What is a defined benefit underpin?
See how it works the other way round
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