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Once the norm, defined benefit schemes are on the way out in the corporate sector. This week, Tim explains why. Defined benefit (or “final salary”) pensions are often great for employees but a bit of a headache for employers. Tim sums up why in his latest video. If you have a defined benefit pension but are not sure how it works, Tim’s video clarifies the basic principles.

These videos do not purport to explain all of these topics in detail and Killik & Co accepts no liability for any reliance placed or investment decisions made from it.