Company closing DB Scheme

005404

Registered User
Messages
23
What if anything can i do about this. Thanks for all replies. Will pay all pension accrued to date.
 
We wrote a detailed analysis of the issues faced by members of defined benefit pension schemes


Although this is written from the perspective of someone considering taking a transfer value from a scheme the principles are identical when a scheme is being wound up.

You are moving from an arrangement where the employer takes all the risk to a new arrangement where you take all the risk.

You can’t stop it happening but you need to understand the implications.


Marc Westlake
Chartered Certified and European Financial Planner
www.globalwealth.ie