Final salary scheme pensions will be worth up to £24,000 a year more than money purchase payouts under the £1.4m savings limit.
The disparity – calculated by Mellon Human Resources & Investor Solutions – relates to the maximum benefit the Inland Revenue will allow DB and DC members to accrue under the proposed lifetime limi...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
