Module 6 - Leaving an Occupational Pension Scheme
At the end of this module you will be able to:
- Identify who is eligible and explain the process to the member
- State who is eligible, how the benefits are calculated and how they will increase in the different scheme types. Explain what happens if they die before retirement and how to claim benefits at retirement
- Explain how they differ between defined benefit and defined contribution schemes, what members need to do and the types of schemes to which the member may transfer
- Understand the leaver process and requirements to help manage member expectations
In this module you will see the options on leaving a scheme. Often it is important to look at the options alongside lifestyle factors and financial considerations.
