May be of Interest...........

moonrakerz

http://www.telegraph.co.uk/finance/personalfinance/pensions/8530146/Cash-for-pensions-deals-warning.html

kidmugsy

For someone with no dependants, a poor health record and ancestors who died young, who smokes like a chimney and regularly drives drunk - just the job.

Loughton_Monkey

But any members thinking of surrendering their cost of living pension increases should be clear that they are giving away a golden egg.

For example, that £5,100 pension with some indexation is worth £189,803. That is how much it would cost to buy at 56 from an insurance company.

The flat option, of £7,300, meanwhile would cost £138,757. In bald numbers, the company saves £51,000 and the individual is theoretically short-changed by a similar amount.

Sounds like a good deal.

.... for PwC anyway.

Vortigern

Is this news? I seem to recall BT offering similar choices over a year ago. (and PwC are BT's auditors)