(UK, pensions) A type of UK pension scheme with specific benefits, sold prior to July 1988, available to the self-employed or employees that were not offered a workplace pension.
(UK, pensions) A type of UK pension scheme with specific benefits, sold prior to July 1988, available to the self-employed or employees that were not offered a workplace pension.
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(UK, pensions) Describing a pension scheme in which an employer agrees to provide a pension payment or lump sum on retirement that is based on the combination of the employer's and employee's contributions to the scheme over the employee's working life.