Group personal pension plan (GPPP)

Resource type: Glossary Item

Status: Maintained

Jurisdiction: United Kingdom

An arrangement for the employees of a specific employer to participate in a personal pension scheme (www.practicallaw.com/A36653) 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 (www.practicallaw.com/A36457) basis.

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  • Resource ID: 7-107-6670
  • Products:  IP&IT, PLC Glossary, PLC Magazine (UK), PLC UK Commercial, PLC UK Construction, PLC UK Corporate, PLC UK Dispute Resolution, PLC UK Employment, PLC UK Environment, PLC UK Law Department, PLC UK Pensions, PLC UK Property, PLC UK Public Sector, PLC UK Share Schemes & Incentives
  • This resource is maintained, meaning that we monitor developments on a regular basis and update it as soon as possible.
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