No guarantee

Which benefits are not guaranteed?

The following expenditure is not guaranteed (this list is not exhaustive):

  • Administrative costs, arrears and other interest payments (apart from interest payable by law on the pension credit balance, Art. 15 LOB), warning and collection costs etc.
  • Special reserves for special measures
  • Employers contribution reserves
  • Contributions to cover the cost of living adjustment
  • Any risk premiums