Maybe I cant draw direct comparisons but part of my pension is Defined Benefit. It currently guarantees me approx 6.5k/annum on retirement (but is linked to my final salary so should increase). I cannot earn any more years service for the DB scheme as we have been moved to a DC scheme.
I am wondering, is there a calculator I can use that would tell me the equivalent fund value this 6.5k is worth in a DC scheme. i.e. how much I would need to have invested now to project a 6.5k/annum income in retirement?