Defined-benefit instead of defined-contribution

Assignment Help Business Management
Reference no: EM132973224

Janet has been in a defined-contribution pension scheme since she was 40 and will retire in one year's time at age 66. Her salary is currently £62,000. Throughout her enrolment in the scheme, she has paid in 4% of salary, and this has been topped up by employer contributions and tax relief worth 4% of salary. She will also qualify for a state pension of £9000 per year.

- Why does the drawdown option become less attractive if Janet expects to stay in good health, and live a long time into retirement?

-Comment on the certainty or otherwise over the size of Janet's pension, when she reaches retirement age, if her pension scheme had been defined-benefit instead of defined-contribution?

Reference no: EM132973224

Questions Cloud

Publication about computer forensics : Using the internet or online library, find an article, case study, or publication about computer forensics that addresses the specific incident type.
How is strategic risk management related : How is strategic risk management related to enterprise risk management.
Determine the cost of goods available for sale : During October, 10,800 units were sold. Bramble uses a periodic inventory system. Determine the cost of goods available for sale
How should nod classify the lease : Risk associated with this lease was not normal when compared with the risk of collection of other similar receivables. How should NOD classify this lease?
Defined-benefit instead of defined-contribution : Janet has been in a defined-contribution pension scheme since she was 40 and will retire in one year's time at age 66. Her salary is currently £62,000.
What is the estimated cost of the ending inventory : Patel Packing had the following information for its inventory: Sales at retail: $145,000. What is the estimated cost of the ending inventory
Type of product in the current economic market : The onset of the COVID-19 pandemic forced many companies to conduct business remotely rather than in office buildings. In many cases, these companies found it m
PRJ5003 Project Constraint Management Assignment : PRJ5003 Project Constraint Management Assignment Help and Solution, Asia Pacific International College - Assessment Writing Service
Explain the reasons for importance leadership values : 1. Identify 1-3 leadership values that are most important to you. Explain the reasons for their importance, using the below questions as a guide:

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd