What is a Hybrid Pension Scheme?

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The term ‘hybrid’ is now rooted in pension scheme terminology and appears as a stock question in the annual pension scheme returns required by TPR. So what does the term hybrid mean in the context of a defined benefit scheme and is there a common meaning to all pension professionals?

Produced by PTL client director Paul Stanbridge, this article is for anyone involved in the day to day running of a pension scheme.

Hybrid pension scheme CTA