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	Podcast:		Corporate Consulting
	Episode:		Early Retirement Exercises
	Category:		Business
	Duration:		00:02:38
	Publish Date:		2011-12-01 09:28:48
	Description:		An early retirement exercise can be offered to both deferred and active members of a defined benefit scheme over the age of 55 and these members have a right to commute part of their pension for a tax free cash lump sum. Taking this tax-free cash now accelerates the payment of benefits out of the scheme and reduces the risks, such as investment and longevity risk, and liabilities associated with a defined benefit scheme. This video looks at these exercises and why a large number of early retirements can reduce the risks associated with a defined benefit pension scheme.
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