Money Box Live: Can you afford to retire?
Money Box
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Investment Strategies in Defined Contribution Schemes
This chapter discusses the investment strategies of defined contribution (DC) schemes and compares their growth to defined benefit (DB) schemes. The speakers address a listener's question about overpaying their mortgage or continuing to contribute to their pension, considering their modest income and the drop in their pension value. They also discuss the importance of employer contributions, the relationship between interest rates and investment returns, and the benefits of tax relief in pension contributions.
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