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Career Average Revalued Earnings Schemes (known as CARE schemes) are a form of DB pension arrangement adopted by employers seeking greater costs control than may be achieved under a traditional final salary scheme. For an employer looking...
A “cash balance” scheme is a form of DB pension arrangement where the defined benefit is a lump sum expressed as a formula linked to the member’s final pensionable salary. The lump sum will be available at retirement to provide...
A “buy-in” is simply an annuity held in the trustees’ name. By contrast a “buy-out” is an annuity held in the member’s name. Buy-ins are simply another scheme investment and are attractive to employers...
