A pension scheme is an arrangement designed to provide a defined class of individuals, known as members, with retirement pensions and often other benefits. It may also extend benefits to dependants of deceased members.
A personal pension scheme is an arrangement where an individual contributes a portion of their salary to a pension provider, like an insurance company or bank, to secure funds for retirement.
An overview of the Stakeholder Pension Scheme in the UK, highlighting its low-cost structure, provider constraints, and automatic enrollment requirements.
A workplace pension is a retirement savings plan arranged by employers to help employees save towards their retirement in addition to the state pension.
