In our experience, most people who are given a choice of taking their pension or transferring the commuted value to personal locked-in RRSP will take the transfer. It’s a large amount of money ‒ maybe larger than anything else you have received before ‒ and it just seems that much money has to be better than a monthly pension income. But is it?
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Lessons from across the pond DC plans in the US and the UK
Published By: Eversheds Sutherland | 12/02/2018
As in many areas, when it comes to saving for retirement the US and UK share a number of things in common. Although both countries have a history of DB plans, these are now predominantly legacy arrangements with most closed to new participants and, in many cases, future accrual also. Read More
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