Defined benefit plans guarantee a set retirement payout, reducing investment risk for employees. These plans are rare in the private sector, with employers bearing the majority of funding and risk.

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. For the past 20 years — ever since UK companies started closing their “final salary” pension schemes to new ...

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 - ...

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 ...

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James McWhinney is a long-tenured Investopedia contributor and an expert on personal finance and investing. With over 25 years of experience as a full-time communications professional, James writes ...

While a decent wage and good hours are what we tend to look for in a job, the workplace pension scheme on offer should also be a key focus. With the cost of a decent retirement on the up, and ...