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Occupational Benefits in general

Description: Opinions should give advice on what to look for from an occupational pension. Things to consider include Defined ... more

Occupational Benefits in general ... Benefit Occupational Schemes vs Defined Contribution Occupational Schemes, AVC and FSAVC's and what constitutes a good scheme.

Newest Review: ... advantage. An additional advantage of an occupational scheme is that there are no other charges, and many occupational scheme pensions also offer inflation indexed features. It is in the personal interest of a company to offer the best possible scheme, and as such they nearly all attempt to ensure that the investment performance of their pension is as high and safe as possible. As always, ... more

... one should always read as much as the information offered before committing oneself to such a monthly contribution. There are basically two types of Occupational Pension, Defined Benefit and Defined Contribution. Defined Benefit means that contrib...more

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Occupational Benefits in general: Make the right decision ... (496 words)
by - written on 12/06/01 (Very useful, 117 readings)
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A lot has been written about pensions, but there has without doubt been a lot of misselling over the last five years. Many people have been tempted into buying personal pensions by the offers of superior performance by so called Independent Financial Advisors, this is almost always the wrong advice compared to the pension which is offered by one's employer. The most significant advantage of a pension from an employer which NO other scheme can overcome is that the employer nearly always contributes a percentage of salary in addition to the contribution made by the employee, and this additional element of salary can be as high as 15 per cent per year, no ... Read the complete review

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