to provide a pension
61personal pension scheme — An arrangement in which an individual contributes part of his or her salary to a pension provider, such as an insurance company or a bank. The pension provider invests the funds so that at retirement a lump sum is available to the pensioner. This …
62personal pension scheme — An arrangement in which an individual contributes part of his or her salary to a pension provider, such as an insurance company or a bank. The pension provider invests the funds so that at retirement a lump sum is available to the pensioner. This …
63State Earnings-Related Pension Scheme — SERPS A scheme, started in 1978, run by the UK government to provide a pension for every employed person in addition to the basic state flat rate pension. The contributions are paid from part of the National Insurance payments made by employees… …
64State Earnings-Related Pension Scheme — SERPS A scheme, started in 1978, run by the UK government to provide a pension for every employed person in addition to the basic state flat rate pension. The contributions are paid from part of the National Insurance payments made by employees… …
65Defined benefit pension plan — For the defined contribution pension plan, see Defined Contribution Pension Plan. In economics, a defined benefit pension plan is a major type of pension plan in which an employer promises a specified monthly benefit on retirement that is… …
66Personal pension scheme — A Personal Pension Scheme (PPS), sometimes called a Personal Pension Plan (PPP), is a UK tax privileged individual investment vehicle, with the primary purpose of building a capital sum to provide retirement benefits, although it may also be used …
67State Second Pension — On 6 April 2002, the Labour Government introduced the State Second Pension, or S2P to provide a more generous pension provision for UK workers. The main aim of this change was to enhance existing Additional Pension (or AP ) benefits for low and… …
68Stakeholder pension scheme — Stakeholder pension schemes were introduced in the UK in 2001 to encourage more long term saving for retirement, particularly among those on low to moderate earnings. They are required to meet a number of conditions set out in legislation,… …
69National Association of Pension Funds — Abbreviation NAPF Motto Securing the future of pensions Formation 1923 Legal status Non profit company Purpose/focus …
70The Pension, Disability and Carers Service — is an executive agency of the Department for Work and Pensions which was created in April 2008[1]. The PDCS brings together two former separate executive agencies, The Pension Service and the Disability and Carers Service. These two agencies have …
