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1. Pension types
2. Tax benefits
3. Taking benefits
4. Limits
5. Death
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REPLACE - Pension types - H2
REPLACE - Menu - .h4-list
1. Types
2. DB vs. DC
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1. State pension
2. DB - Defined Benefit pension
3. DC - Defined Contribution pension
Pension types by assets:
FT / Martin Wolf article on 25/11/2025 - shows bar chart with assets of different pension types - source is Pensions Policy Institute
- Private sector DB schemes
- Public sector funded DB schemes
- Trust-based DC workplace schemes
- Contract-based DC workplace schemes
- Individual personal pensions (life companies)
- Annuities (individual pension & bulk-buyout)
Collective DC Schemes - reveiw - see FT / Martin Wolf articles - including 'Why collective risk shaing should be a central element in pensions- - 25/07/2021
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State pension - h4
DB
Defined
Benefit - h4
DC
Defined
Contribution - h4
REPLACE - DB vs. DC - add Type size var & h tag to heading element
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Defined Benefit - h4
DC
Defined Contribution - h4
Often called ..
'final-salary' pension)
'pension pot' or 'pension fund')
Pension benefits are determined by ... - H5
pensionable earnings during employment
value of pension pot
PensiWho takes the investment risk? - H5
employer
individual
Who takes the investment risk? - H5
individual
individual
Through the fund manager
(usually through a platform)
On an Exchange
(through a platform / broker)
Does the fund have a variable or stable number of shares / units? - H5
Variable
(open-ended fund)
Variable
(open-ended fund)
Stable
(closed-ended fund)
Does the share or unit price reflect the value of the assets in the fund? - H5
Share price can be higher or lower than than the Net Asset Value