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Know What Final Salary Transfer Means
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A final salary pension is a kind of defined benefit pension that pays out a secure income for life at retirement. Increases also apply on the amounts received throughout retirement. Some people consider moving their defined benefit pension to a defined contribution pension arrangement as these can be accessed more flexibly so this might seem like an attractive option. A final salary transfer involves giving up the right to this pension, along with all its guarantees.

https://www.pensionexchange.co.uk/know-what-final-salary-transfer-means/

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Know What Final Salary Transfer Means
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