Definitions for "Money Purchase Scheme"
Keywords:  pension, scheme, annuity, avcs, retire
An employer's pension scheme where your retirement benefits depend on the amount you've paid in, how much the investments have grown and annuity rates when you retire. back
An employer pension or a personal pension, the benefits from which are subject to contribution levels, investment performance and annuity rates.
a scheme where the pension benefits are based on the value of the investment at retirement