>> 4. Another neighbour spent their pension lump sum on new motorbike and Mercedes.
When I started work the pension accumulated in 80ths and would therefore give somebody who 'went the distance' a pension of half salary and a lump sum of 3 times pension. Early noughties we were offered a 'Premium' scheme accumulating in 60ths. No lump sum but a partner pension included.
Latter worked well for me.
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