Money purchase pension schemes are on the scene again

Abstract

As alternative to the final salary pension scheme, money purchase pension schemes are coming more into prominence now. Our contributor outlines the pros and cons of such schemes: they are simple and straightforward, and retirement benefits are produced which are directly linked to the contributions paid by each individual employee and by the employer. But they are unlikely to provide the best benefits at retirement for those who stay with an employer. At the moment more than 25 insurance companies are offering money purchase pension contracts; in this article some of these are examined in detail.

Citation

Vann, J.C. (1984), "Money purchase pension schemes are on the scene again", Retail and Distribution Management, Vol. 12 No. 1, pp. 67-69. https://doi.org/10.1108/eb018221