Pensions: the final insult We asked a leading actuary to calculate the loss to your pension pot in the event of your employer switching you out of a final salary scheme. The results were shocking, writes Teresa HunterTeresa Hunter
I’m ignoring the present day option to continue to contribute your fullannual allowanceinto your pension, if you choose to take your25% tax free lump sum only. I’m also discounting the fact that some could probably live tax-free for several years on their lump sum. There...