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Running a defined benefit pension scheme can be challenging and costly to your business. Many organisations are opting to go through a buyout process to remove this responsibility, but is that the right choice for you? Finds out more about the process and what’s involved so you can make an informed decision that benefits your business without doing your employees a disservice. What is a defined benefit pension scheme? There are two main types of private pensions in the UK: defined contribution (DC) pension schemes and defined benefit (DB) pension schemes. DC pensions are most common, and your final pot…