April 25, 2010
When under money purchase, a type of scheme categorized as a form of company pension, you and your employer will raise a fund for your retirement. This fund will normally be used to buy an annuity, or regular income, which is received yearly. It is normally used to buy annuity, but in some instances when [...]
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April 24, 2010
When dealing with different pension providers, it is possible that the scheme they offer will vary. Just like with company pension schemes. But even if they are different, they are still categorized into two general types, which are money purchase and final salary scheme. In money purchase, your pension will be based on the contributions [...]
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