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Money purchase pension schemes

Money purchase pension schemes

Do you know what your pension is potentially worth? Understanding the current and future value of your pension is important to access whether it will meet your needs in retirement.

A money purchase pension scheme is a pension plan employers and employees make contributions into. The pension payable will depend on the amount of money paid into the scheme by both the employee and employer, the performance of invested funds and the annuity rate determining the payment of the pension.

If you have ever been a member of a money purchase pension scheme, Broom Consultants are able to prepare a summary of the current and future benefits, as well as considering the alternative options available.

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Broom Consultants Limited is authorised and regulated by the Financial Conduct Authority.