Defined benefit plans guarantee a ... payouts that typically continue until their death. Some pensions also allow for benefits to transfer to a spouse or other beneficiary once the employee ...

This is why some people choose to cash in their defined benefit pension and transfer the money into a defined contribution ...

Describe some of the issues around defined benefit transfers and severe ill-health ... the relative merits of a defined benefit pension providing a guaranteed lifetime income must be considered ...

The Pensions Regulator could put a stop to the ridiculously high offers made to people transferring out of their defined-benefit pension schemes. A couple of years ago, when I first started ...

you may forfeit your pension benefits, although you might receive a refund of any personal contributions you made. Defined ...

Not very. The percentage of workers in the private sector whose only retirement account is a defined benefit pension plan is now 4%, down from 60% in the early 1980s. About 14% of companies offer ...

Defined benefit transfer values fell to a record low in ... ensure they are well-informed when making decisions about their pension.” Elsewhere, 88 per cent of cases reviewed in January 2025 ...

Savers with a defined benefit pension, such as a final salary scheme, are required to get financial advice if the transfer value is above £30,000. You don't have to do so if you have a more ...

A transfer of the qualified retirement plan ... Surviving spouse benefits can be complex in defined benefit pension plans. It's important to determine if the participant already made an election ...

A pension is a workplace benefit that pays qualified retirees a lifetime income. Very few private employers offer pensions nowadays, and most have shifted to defined contribution plans such as 401 ...

Defined benefit plans are often referred to as pensions. For employees who meet certain criteria in the workplace, these accounts typically pay out predetermined benefits in retirement.