Sentence examples for defined contribution fund from inspiring English sources

Hymans Robertson said the £6bn total also included money it believed would be withdrawn by people who had converted some or all of their defined benefit (or final salary) pension into a defined contribution fund in order to take advantage of the new freedoms.

Annuities will still be the right product for some people, but there'll be a sea change in how people take their defined contribution fund on retirement.

Individuals will be able to pass on their unused defined contribution funds to a nominated beneficiary when they die, rather than paying the 55% tax charge which currently applies.

Which is why in giving additional freedom to those in defined contribution schemes to do what they like with their money, the Chancellor is minded to give rather less freedom to those in defined benefit schemes - he has signalled he will probably ban members of final salary schemes from switching to defined contribution funds.

Technological prowess, in particular, will be important in winning retail fund accounts — and crucial in the competition for the defined contribution pension fund business.

The average defined contribution pension fund is worth about £30,000, which delivers very little pension income in retirement anyway.

In this article we formulate and solve the optimal design problem of a defined contribution public pension fund, in a highly stylized but still rather general non-stationary framework.

The Dutch-style collective defined contribution (CDC) pension funds, which have been considered by previous administrations and rejected as excessively corporatist, will get the backing of HMRC and qualify for tax breaks afforded other types of schemes.

If you have a "defined contribution" type of pension fund where the value is dependent on market movements, you'll be worst hit.

The consultant asked about hybrid discount rates and defined contribution plans, "If pension funds aren't making their required contributions, they're gonna run out of money,"Mr.

These reforms have modified the traditional public pay-as-you-go defined benefit (PAYG-DB) schemes, introducing multipillar systems where fully funded defined contribution (FF-DC) schemes play an important role.