The hybrid solution

DB pensions

Employers do not have to offer employees either DB or DC schemes as there are a number of hybrid options available that reduce risks and costs while still providing attractive benefits.

There has been a lot of attention focused recently on employer pension provision and different pension structures. The overall pensions debate rages on, fuelled by coverage in the media of Gordon Brown's tax raid on pensions, spiralling defined benefit deficits and the proposed National Pension Saving Scheme (NPSS). However many commentators forget that instead of only two types of pensions structures - defined benefit (DB) or defined contribution (DC), which take diametrically opposed forms - there are in fact a whole range of hybrid pension structures that combine elements of both DB and ...