An arrangement made by an employer for employees to participate in a personal pension plan on a group basis. This is a collective of personal pension plans. An alternative to an occupational pension plan.
A scheme operated by an employer which looks like a company pension scheme but is actually a series of individual personal pensions.
a normal personal pension plan that will be provided by your employer
This is an arrangement made for the employees of a particular company to participate in a personal pension scheme on a group basis. This is merely a collecting arrangement and is not a separate, or occupational, pension scheme.
An arrangement made for the employees of a particular employer, or for a group of self employed individuals, to participate in a personal pension scheme on a grouped basis. This is not a single scheme; merely a collecting arrangement.
A personal pension scheme that is organised through the employer, but still takes the form of individual contracts between the employee and the pension provider.
An arrangement between a provider and an employer to offer personal pensions to employees. Charges may be lower because of the numbers involved, and the employer may also agree to contribute. A GPP is not an occupational pension scheme.
This is a system where several employees at one company join a personal pension scheme with the same pension firm. Each member has a separate policy with the pension firm, but contributions are collected together. The member may get better terms with a GPP than with a normal personal pension scheme . The employer may be more likely to pay contributions , because there will be less paperwork than with each employee dealing with a separate pension firm.