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What is a Defined Benefit Pension?

A defined benefit pension scheme is a company pension scheme with a pre-determined income at retirement.

Related terms

What is a Defined Contribution Pension (aka money purchase)

What is a Final Salary Scheme

← Back to the Pensions Glossary

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Profile Pensions is a trading name of Profile Financial Solutions Ltd which is Authorised and Regulated by the Financial Conduct Authority. FCA Number 596398. Registered in England & Wales, Company Number 07731925. Registered Office address: Norwest Court, Guildhall Street, Preston, PR1 3NU. Trading address: Norwest Court, Guildhall Street, Preston, PR1 3NU. © 2017 Profile Financial Solutions Ltd.