Group personal pension

An arrangement for the employees of a specific employer to participate in a personal pension scheme ( on a group basis. A GPP is effectively a series of individual personal pensions (not a common fund) provided by a single insurance company or other provider authorised by the Financial Conduct Authority (FCA) ( . The pension fund belongs to the employee and can be taken with him when he leaves his employment. Benefits in a GPP accrue on a money purchase ( basis.

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