Thinking ahead - Helping you make sense of all things retirement

Welcome to your July issue

1 in 4 of us never review our pension savings. And 1 in 5 check them less than once in 5 years.

Let's not forget about defined benefit pensions

Since pension freedoms were introduced, there’s understandably been an awful lot said about defined contribution pensions. So much, in fact, that it’s quite easy to overlook the fact that 16 million of us have a very different kind of pension waiting for us… a defined benefit pension.

Many of these 16 million people will know that a defined benefit pension – unlike the defined contribution version – offers a set amount in retirement. But fewer will understand exactly how the scheme works. In this month’s Thinking Ahead, we’ll aim to help by be taking a close look at some of the issues for current and future members of defined benefit schemes.

In particular, make sure you read the tax-free lump sum section in our article Defined benefit pensions – how they work for some valuable insight you may not be aware of.

You'll also want to make sure you catch Aviva Investors' thoughts on whether the cliches of investment really mean anything, as well our regular round-up of retirement-related news.

Enjoy the newsletter

John Lawson - Editor

The rise and fall of defined benefit pensions

They’ve been around since the 19th century, but they’re becoming much harder to find. We look at why.

Read more

Defined benefit pensions: how they work

Get to grips with the facts - including some vital information to bear in mind before taking a tax-free lump sum.

Read more

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