An individual occupational pension arrangement that is normally used for senior employees / executives. The rules of an occupational pension and not those of a personal pension govern an Executive Pension Plan.
An occupational pension arrangement governed by occupational pension rules, not Personal Pension rules. Open to employees only. Used by employers with few employees, and to provide discretionary benefits.
A company sponsored, individual occupational pension arrangement governed by occupational pension rules, not Personal Pension rules. Open to employees only.