Defined contribution pension scheme: Difference between revisions
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* [[Annuity]] | * [[Annuity]] | ||
* [[Defined benefit pension scheme]] | * [[Defined benefit pension scheme]] | ||
* [[Funded scheme]] | |||
* [[Occupational pension scheme]] | * [[Occupational pension scheme]] | ||
* [[Stakeholder pension scheme]] | * [[Stakeholder pension scheme]] | ||
* [[Unfunded scheme]] | |||
[[Category:Manage_risks]] | [[Category:Manage_risks]] | ||
Revision as of 13:13, 24 October 2022
(DC).
A pension scheme where benefits are based on how much money has been paid into the scheme and the investment returns earned, a significant part of the sum achieved often being invested in an annuity at market rates at - or soon after - retirement.
Such schemes are by definition funded.
Also known as money purchase schemes.
