Caporegime
It is defined benefit and currently causing chaos with annual allowance breaches on pension growth (it was bad before but its CPI linked so is now ridiculous). Consultants are having to drop PAs/dip in and out of the pension scheme or scheme pay the charges - which then means you're paying interest on a loan to pay a fee on pension growth which is essentially imaginary.If its a defined benefit pension and similar to civil service (1/30th or so per year you put in) then it's pretty damn good pension.
Yes the pay is pretty mediocre but id say bigger issue is that the hours sound absolutely awful.
Perksonally I wouldn't do it, but then again I would struggle to pass the exams (and I did a masters degree in engineering).
It's also up to the individual to sort the fees on as there's no automated system for figuring out if you're liable or not and it takes months to get your pension figures and try to understand the rules. So now many end up spending a few thousand on an accountant to tell you how much to pay.
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