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Unit 4.4: DC Arrangements, Risk Benefits and Decumulation
Unit 4.4 covers the defined contribution side of the syllabus together with the benefits that are insured rather than funded. It takes in risk benefits such as death in service and ill-health cover, which are usually insured rather than met from scheme assets, the way defined contribution arrangements work through contributions, member investment choice and a default arrangement, and decumulation, meaning the routes a member can take to turn a pot into retirement income, which the syllabus marks DC only. A trustee of a defined contribution scheme spends more time here than anywhere else in Module 4.
What’s in it.
3 topics- Topic 01
Non-Funded but Usually Insured Scheme Benefits (Risk Benefits)
Coming soon - Topic 02
Defined Contribution Arrangements
Coming soon - Topic 03
Decumulation of Pension Funds (DC Only)
Coming soon