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Final Salary
Cash
Risk
sharing
final
salary
Variable
accrual
final
salary
CARE
Low
accrual
DB, to
up DC
Pure DC (no
guarantees)Better
DC
DC with
annuity
guarantee
DB,
with DC
nursery
DC, with
investment
guarantee
Cash
balance
Core DB
up to
salary cap,
top up DC
Concluding Remarks
The future
3
Better
DC
Investment
design
Flexibility
Simple to
understand
Better
Reporting
Concluding Remarks
Better DC
Applying Defined Benefit risk management techniques
Contacts
Disclaimer
Disclaimer For professional investors only. Not suitable for private customers.
The information herein was obtained from various sources. We do not guarantee every aspect of its accuracy. The information is for your private information and is for discussion purposes only. A variety of
market factors and assumptions may affect this analysis, and this analysis does not reflect all possible loss scenarios. There is no certainty that the parameters and assumptions used in this analysis can be
duplicated with actual trades. Any historical exchange rates, interest rates or other reference rates or prices which appear above are not necessarily indicative of future exchange rates, interest rates, or other
reference rates or prices. Neither the information, recommendations or opinions expressed herein constitutes an offer to buy or sell any securities, futures, options, or investment products on your behalf.
Unless otherwise stated, any pricing information in this message is indicative only, is subject to change and is not an offer to transact. Where relevant, the price quoted is exclusive of tax and delivery costs.
Any reference to the terms of executed transactions should be treated as preliminary and subject to further due diligence .
Please note, the accurate calculation of the liability profile used as the basis for implementing any capital markets transactions is the sole responsibility of the Trustees' actuarial advisors. Redington Ltd will
estimate the liabilities if required but will not be held responsible for any loss or damage howsoever sustained as a result of inaccuracies in that estimation. Additionally, the client recognizes that Redington
Ltd does not owe any party a duty of care in this respect.
Redington Ltd are investment consultants regulated by the Financial Services Authority. We do not advise on all implications of the transactions described herein. This information is for discussion purposes
and prior to undertaking any trade, you should also discuss with your professional tax, accounting and / or other relevant advisers how such particular trade(s) affect you. All analysis (whether in respect of
tax, accounting, law or of any other nature), should be treated as illustrative only and not relied upon as accurate.
Redington Limited (reg no 6660006) is a company authorised and regulated by the Financial Services Authority and registered in England and Wales. Registered office: 13-15 Mallow Street London EC1Y 8RD
Direct Line: +44 (0) 20 7250 3416
Telephone: +44 (0) 20 7250 3331
Redington
13-15 Mallow Street
London EC1Y 8RD
Robert Gardner
Founder &Co-CEO
robert.gardner@redington.co.uk
www.redington.co.uk
THE DESTINATION FOR ASSET & LIABILITY MANAGEMENT
Contacts
4

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Beyond Defined Benefit

  • 1.
  • 2. 2 Final Salary Cash Risk sharing final salary Variable accrual final salary CARE Low accrual DB, to up DC Pure DC (no guarantees)Better DC DC with annuity guarantee DB, with DC nursery DC, with investment guarantee Cash balance Core DB up to salary cap, top up DC Concluding Remarks The future
  • 4. Contacts Disclaimer Disclaimer For professional investors only. Not suitable for private customers. The information herein was obtained from various sources. We do not guarantee every aspect of its accuracy. The information is for your private information and is for discussion purposes only. A variety of market factors and assumptions may affect this analysis, and this analysis does not reflect all possible loss scenarios. There is no certainty that the parameters and assumptions used in this analysis can be duplicated with actual trades. Any historical exchange rates, interest rates or other reference rates or prices which appear above are not necessarily indicative of future exchange rates, interest rates, or other reference rates or prices. Neither the information, recommendations or opinions expressed herein constitutes an offer to buy or sell any securities, futures, options, or investment products on your behalf. Unless otherwise stated, any pricing information in this message is indicative only, is subject to change and is not an offer to transact. Where relevant, the price quoted is exclusive of tax and delivery costs. Any reference to the terms of executed transactions should be treated as preliminary and subject to further due diligence . Please note, the accurate calculation of the liability profile used as the basis for implementing any capital markets transactions is the sole responsibility of the Trustees' actuarial advisors. Redington Ltd will estimate the liabilities if required but will not be held responsible for any loss or damage howsoever sustained as a result of inaccuracies in that estimation. Additionally, the client recognizes that Redington Ltd does not owe any party a duty of care in this respect. Redington Ltd are investment consultants regulated by the Financial Services Authority. We do not advise on all implications of the transactions described herein. This information is for discussion purposes and prior to undertaking any trade, you should also discuss with your professional tax, accounting and / or other relevant advisers how such particular trade(s) affect you. All analysis (whether in respect of tax, accounting, law or of any other nature), should be treated as illustrative only and not relied upon as accurate. Redington Limited (reg no 6660006) is a company authorised and regulated by the Financial Services Authority and registered in England and Wales. Registered office: 13-15 Mallow Street London EC1Y 8RD Direct Line: +44 (0) 20 7250 3416 Telephone: +44 (0) 20 7250 3331 Redington 13-15 Mallow Street London EC1Y 8RD Robert Gardner Founder &Co-CEO robert.gardner@redington.co.uk www.redington.co.uk THE DESTINATION FOR ASSET & LIABILITY MANAGEMENT Contacts 4