F70100
Who, me ?
Where does the money go that is built up by people in pensions when they die before retiring... is it classed as profit and taken out asap the same financial year as shareholders' bonuses or put in the big pension pot tp improve the return on other people's pensions? Hmmm, I wonder.....
It helps to pay the pensions of those who continue to live beyond the average date of death calculated by the scheme actuaries.