group personal pension scheme
group personal pension plan/group personal pension scheme (GPPP)
An arrangement for the employees of a specific employer to participate in a personal pension scheme on a group basis. A GPPP is effectively a series of individual personal pensions (not a common fund) provided by a single life insurance company. The pension fund belongs to the employee and can be taken with him when he leaves his employment. Benefits in a GPPP accrue on a money purchase basis (See money purchase scheme/money purchase plan).

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • group personal pension plan — group personal pension plan/group personal pension scheme (GPPP) An arrangement for the employees of a specific employer to participate in a personal pension scheme on a group basis. A GPPP is effectively a series of individual personal pensions… …   Law dictionary

  • personal pension scheme — A scheme to which the employee contributes to provide retirement and/or death benefits. Employers can contribute to personal pension schemes also but are not obliged to do so. A personal pension scheme operates as a money purchase scheme. See… …   Law dictionary

  • Pension provision in the United Kingdom — UK Pension Provision falls into seven major divisions; Basic State Pension, State Second Pension (S2P), Occupational Pensions, Stakeholder Pensions, Group Personal Pensions and Personal or Individual Pensions. Personal Accounts automatic… …   Wikipedia

  • stakeholder pension — A money purchase scheme designed to provide retirement benefits, mainly for employees or the self employed. It must be registered with the Pensions Regulator. If an employer with five or more employees does not provide an occupational pension… …   Law dictionary

  • The Co-operative Group — Co operative Group Ltd. Type Consumer cooperative Founded 1863 (1863) Headquarters …   Wikipedia

  • Chile pension system — The Pension System Spanish Sistema Previsional refers to old age, disability and survivor pensions for workers in Chile [http://www.reformaprevisional.cl/reforma previsional/archivos/descargas/Manual%20Informativo.pdf Reforma Previsional, Manual… …   Wikipedia

  • Ponzi scheme — A Ponzi scheme is a fraudulent investment operation that involves promising or paying abnormally high returns ( profits ) to investors out of the money paid in by subsequent investors, rather than from net revenues generated by any real business …   Wikipedia

  • Collective investment scheme — The values and performance of collective funds are listed in newspapers A collective investment scheme is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group. These… …   Wikipedia

  • GPPP — group personal pension plan/group personal pension scheme (GPPP) An arrangement for the employees of a specific employer to participate in a personal pension scheme on a group basis. A GPPP is effectively a series of individual personal pensions… …   Law dictionary

  • Pensions in the United Kingdom — fall into seven major divisions; Basic State Pension, State Second Pension (S2P), Occupational Pensions, Stakeholder Pensions, Group Personal Pensions and Personal or Individual Pensions. Personal accounts, automatic enrollment and the minimum… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”