Group personal pension. 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.

Group Personal Pensions - A scheme set up by an employer whereby employees can take out personal pensions. These types of scheme are not compulsory nor does the employer have to contribute to the pension. The employees often benefit from economies of scale and the contributions are deducted direct from their salaries.