Correct, but the multiplier for the DB varies depending on a range of factors, such as retirement age, type of pension etc.Presumably if you have a DC pension fund plus deferred db pension (pre 2014) it’s DC pot + DB x 20?
Correct. But post 2014 accruals are valued based on retirement age. So a 26:1 for retirement age 65 or a higher factor for earlier ages.Thanks for your response. I had thought pre 2014 accruals had a flat factor of 20. I must look up the legislation again. Thanks.
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