group pension scheme
1group personal pension scheme — group personal pension plan/group personal pension scheme (GPPP) An arrangement for the employees of a specific employer to participate in a personal pension scheme on a group basis. A GPPP is effectively a series of individual personal pensions… …
2personal pension scheme — A scheme to which the employee contributes to provide retirement and/or death benefits. Employers can contribute to personal pension schemes also but are not obliged to do so. A personal pension scheme operates as a money purchase scheme. See… …
3supplementary pension scheme — An occupational pension scheme established in accordance with a member state s national legislation and practice and providing supplementary pension rights. A supplementary pension scheme includes, for example, a group insurance contract or a… …
4New Pension Scheme (India) — PFRDA Logo with original colours Contents 1 Regulator 2 Coverage Eligibility …
5group personal pension plan — group personal pension plan/group personal pension scheme (GPPP) An arrangement for the employees of a specific employer to participate in a personal pension scheme on a group basis. A GPPP is effectively a series of individual personal pensions… …
6scheme rescue — In the context of the Pension Protection Fund (PPF), a scheme rescue occurs if, on the insolvency of a company that sponsors an occupational pension scheme, financial support for the scheme continues. This will usually occur either because the… …
7group — [gruːp] noun [countable] 1. also group of companies ORGANIZATIONS a large business organization that consists of several companies that all have the same owner: • Burmah Castrol, the lubricants group • the sale of the Rover Group to BMW …
8Pension 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… …
9executive pension plan — EPP A pension for a senior executive or director of a company in which the company provides a tax deductible contribution to the premium. An executive pension plan may be additional to any group pension scheme provided by the company, as long as… …
10stakeholder pension — A money purchase scheme designed to provide retirement benefits, mainly for employees or the self employed. It must be registered with the Pensions Regulator. If an employer with five or more employees does not provide an occupational pension… …
