Defined Benefits (DB) superannuation schemes are few and far between in Australia and offer a rare commodity in financial services: a guarantee which is paid for by the scheme and not the member.
In this article, we assess a DB scheme we consider to be “golden handcuffs” for anyone lucky enough to be a member of it – and how Holden employees can take advantage of this.
Each scheme differs, but DB schemes generally offer a guarantee of either a lump sum or income at retirement,
