What is a defined contribution pension plan? A defined contribution pension scheme - also known as a 'money purchase' scheme - is the most common type of workplace pension. The money that you and your ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Employer-sponsored retirement plans are ...

Defined benefit pensions - also known as final salary pensions - pay you a guaranteed income in retirement. Find out how much you're likely to get if you have one. A defined benefit pension scheme - ...

Lawrence Pines 25+ years of experience as an equity and foreign exchange options trader. He launched his own consulting firm in 2011. Marguerita is a Certified Financial Planner (CFP), Chartered ...