Group Personal Pension

Group Personal Pension (GPP) definition

/ɡruːp/ /ˈpəːs(ə)n(ə)l/ /ˈpɛnʃ(ə)n/

What does Group Personal Pension mean?

A collection of personal pension plans provided by an employer to its staff. Each member has a separate policy with a pension provider, but contributions are collected together. The member may get better terms with a group personal pension than with a normal personal pension plan.

Variances

GPP
GPPs

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