It provides contributing members with an opportunity to increase their Scheme pension by paying additional contributions.It is a flexible arrangement, which at the outset clearly sets out both how much, in current pension terms, the purchase is worth and how much it will cost.
We believe that the inclusion of purchasing the Added Pension should be seriously considered when reviewing your overall Pension strategy as the scheme adds real value to a large number of clients retirement provision.
In our experience many clients may be purchasing either Private Pensions or indeed Added years. A review of your arrangements would seem prudent given the inclusion of the Added Pension within the current Pension regime.
