An occupational pension scheme may be established by an employer, a group of employers (a multi-employer scheme) or a trade union, to provide retirement and related benefits to persons in specific employment, or may be established as an industry-wide scheme1. Typically, contributions are made, usually as a percentage of earnings, by individual employees and their employer, and the funds are held on trust, but it is not a requirement that employees should make contributions and it is possible for an occupational pension scheme to be contract-based. Where the scheme is trust-based, the general law of trusts applies2 but special
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