UK - Scottish Life is rolling out a hybrid fund which it says combines the retirement guarantees of defined benefit plan and the reduced financial risk of defined contribution schemes.
The “defined cash fund” guarantees a certain amount at retirement with which to buy benefits, rather than the guarantee of a specific income in retirement. The fund is expressed either as a fixe...
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
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
