Defined Contribution Vs Defined Benefit Pension Plan | Advantages Of DC Pension Plan
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Defined Contribution Vs Defined Benefit Pension Plan are the two most common UK pension schemes. A few decades ago, your employer would enrol you to join the Defined Benefit Pension scheme. These days, you'll be lucky getting a DB scheme, since most employers will enrol you in a DC Pension scheme.

What are the major difference between the two pension schemes? In this video, our CEO and IFA, Dominic James Murray, will explain the meaning of Defined Contribution and Defined Benefit Pension schemes and what set them apart. You can also watch how to transfer your DC or DB pension plan into other pension scheme.

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Key Points In This Video:

✅ Definition of Defined Benefit (DB) Pension
✅ Definition of Defined Contribution (DC) Pension
✅ Difference Between DB and DC Pension Schemes
✅ Advantages of the DC Pension Scheme
✅ How to Transfer Your DC Pension Scheme

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Video Timestamp:
00:00 – Intro
00:27 – What Is a Defined Benefit (DB) Scheme?
00:36 – What Is a Defined Contribution (DC) Scheme?
00:43 – The Difference Between DC and DB Schemes
01:05 – Freedom of Investment With Your DC Scheme
01:36 – Flexibility Over Withdrawing Your PCLS and Pension Plan
02:20 – Better Access and Control Over Your Investments
02:50 – How To Transfer Your DC or DB Pension
03:09 – Outro



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