personal pension

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Related to personal pensions: Personal pension scheme

personal pension

n
1. (Government, Politics & Diplomacy) a private pension scheme in which an individual contributes part of his or her salary to a financial institution, which invests it so that a lump sum is available on retirement; this is then used to purchase an annuity
2. (Government, Politics & Diplomacy) a pension derived from such a scheme
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THOUSANDS of people could get windfalls of up to PS150,000 on behalf of dead relatives who were missold personal pensions.
Thousands could receive windfalls of up to [pounds sterling]150,000 on behalf of dead relatives who have been missold personal pensions, say experts.
The gender pension narrowest between Personal pensions are tax-free pots of cash, usually taken out by those who don't get the chance to save for their retirement through a workplace-based scheme offered by employers.
The gender pension narrowest for between ns of en Personal pensions are tax-free pots cash, usually taken out by those who don't get the chance to save for their retirement through a workplace-based scheme offered by employers.
ATHE very short answer is that the recent pension freedom changes only really applied to personal pensions, and your Local Authority Scheme is a defined benefit arrangement and so wasn't affected by these changes.
Furthermore, the study should conduct a feasibility analysis of a possible European personal pensions framework to foster simple, efficient and competitive personal pensions within the EU.
The study found that when it comes to securing income during retirement, savers expect to use state, company and personal pensions, Isas, stocks and shares and property.
Thousands of company pension scheme members were persuaded to move pension benefits away from "gold-plated" defined benefit arrangements into personal pensions.
EVIDENCE suggests that half the workers who receive financial advice are wrongly being advised to transfer out of company occupational pensions schemes, to personal pensions or self invested personal pensions (Sipps).
Personal pensions can be started for as little as pounds 20 per month and have advantageous tax benefits.
A report from Consumer Focus shows this is just one of several problems faced by personal pensions.
(Please note that this only applies to personal pensions, not the state pension).