Along with the State Pension from the government there are 2 main types of pension:

1) Defined contribution - based on how much money has been paid into your pension pot. These polices are sometimes known as 'money purchase' pensions and are available through the Cavendish Online website.

2) Defined benefit (final salary or career average) - based on your salary and how long you've worked for your employer.

 

 

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