(of pension scheme)
61pension protection lump sum death benefit — Introduced by the Finance Act 2004, a registered pension scheme may pay a pension protection lump sum death benefit on the death of a member before age 75. The lump sum will be equal to the capital value of the pension at crystallisation, less… …
62pension protection lump-sum death benefit — Introduced by the Finance Act 2004, a registered pension scheme may pay a pension protection lump sum death benefit on the death of a member before age 75. The lump sum will be equal to the capital value of the pension at crystallisation, less… …
63pension plan — also pension scheme BrE n an arrangement in which you pay money regularly into a pension fund while you are working, so that you will receive a ↑pension …
64scheme actuary — The actuary appointed to advise the trustees of an occupational pension scheme. Most occupational schemes must appoint an actuary, who must be a named individual rather than a firm. The actuary must also be a Fellow of the Faculty and Institute… …
65Pension Protection Fund — The Board of the Pension Protection Fund (the PPF) is a Statutory Fund in the United Kingdom. It was created under the Pensions Act 2004. The Board of the PPF is a Statutory Corporation responsible for managing the Fund and for making payments to …
66Pension — This article is about the retirement income arrangement. For the type of lodging, see Pension (lodging). For the mortgage repayment scheme, see Mortgage loan. Financial market participants …
67Pension provision in the United Kingdom — UK Pension Provision falls into seven major divisions; Basic State Pension, State Second Pension (S2P), Occupational Pensions, Stakeholder Pensions, Group Personal Pensions and Personal or Individual Pensions. Personal Accounts automatic… …
68pension — A specified sum paid regularly to a person who has reached a certain age or retired from employment. It is normally paid from the date of reaching the specified age or the retirement date until death. A widow may also receive a pension from the… …
69pension plan — noun a plan for setting aside money to be spent after retirement • Syn: ↑pension account, ↑retirement plan, ↑retirement savings plan, ↑retirement savings account, ↑retirement account, ↑retirement program • Hypernyms: ↑ …
70pension — ▪ I. pension pen‧sion 1 [ˈpenʆn] noun [countable] FINANCE an amount of money paid regularly by a government, company, or financial institution to someone who is officially considered to be too old or too ill to earn money by working; =… …
