Glossary

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Term Definition Legal instruments

personal pension scheme

03/07/2015

THIS DEFINITION ONLY APPLIES TO THE POLICYHOLDER PROTECTION PART

means a scheme or arrangement which is not an occupational pension scheme or stakeholder pension scheme and which is comprised in one or more instruments or agreements having or capable of having effect so as to provide benefits to or in respect of people:

(1) on retirement;

(2) on having reached a particular age; or

(3) on termination of service in an employment.