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1. Company law.

In relation to a company, a shareholder.

2. Mutual organisations.

A retail customer of a mutual organisation, such as a building society.

3. Closed group.

More generally, a participant in a closed group of some kind.

For example, a member-administered closed user group (MA-CUG).

4. Pensions.

A beneficiary under an occupational pension scheme.

Pension scheme members may be:

  • Active (still accruing benefits by virtue of current service); or
  • Deferred (no longer accruing benefits through having left the scheme, but entitled to receive benefits in the future); or
  • Pensioners (currently receiving benefits). This third category will also usually include widows and other dependants of former members.

See also