Defined benefit pensions are also known as final salary schemes. They are the gold standard in retirement savings because they must pay a fixed generous sum based on your pay when you retire.
They're also very expensive to fund because we’re all living much longer. and Irish life is one of the biggest customers Shane O'Farrell, Irish Life Corporate Business spoke to Emmet this morning.
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Source: NewstalkFM - 🏆 19. / 55 Read more »