Types of pensions

Unfunded schemes

Types of pensions

Defined benefit (DB) pension schemes are said to be ‘unfunded’ or ‘in deficit’ when the money (or assets) they hold is insufficient to cover the expected expenses of paying out the income that was promised to its employees. In other words, the assets are less than the liabilities. Funding levels are often expressed as a percentage – e.g. a DB scheme might be 85% funded, meaning assets are equal to 85% of liabilities so there is a 15% ‘shortfall’. If a scheme’s assets are higher than its liabilities, it is said to be ‘in surplus’.

The StatePension is similar in structure to a DB scheme and is sometimes also referred to as unfunded.

Defined contribution schemes can’t be in deficit since the pension provider does not guarantee any income at retirement.

We’ll never leave you high and dry

Our customer support team is rated "Excellent" and is always on hand to help you during the setup process and once you have your new pension. There are 3 ways you can contact us:
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Log in to our website and chat to us

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Email us on support@myraindrop.co.uk

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Call us on 02039517253

Heading

Heading

This is some text inside of a div block.
This is some text inside of a div block.

What’s a Rich Text element?

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

We’ll never leave you high and dry

Our customer support team is rated "Excellent" and is always on hand to help you during the setup process and once you have your new pension. There are 3 ways you can contact us:
tick red icon

Log in to our website and chat to us

tick red icon

Email us on support@myraindrop.co.uk

tick red icon

Call us on 02039517253