Group schemes operate like individual personal pensions, but usually offer much lower charges because companies can gain volume discounts. Employers often set up group personal pension arrangements when they do not wish to manage their own schemes.

Just like defined contribution schemes, your benefits are based on contributions made by you and your employer, together with investment returns achieved. However, you gain the advantages of a personal pension in that the policy is written in your own name rather than that of your employer. If you change jobs, you can continue contributions yourself or with help from your new employer. You also have greater flexibility over the age at which you can take your benefits than you would have in a conventional company scheme. On retirement you can choose the form in which you take your pension.

To aid with Retirement Planning or to calculate Income for Retirement, feel free to use our Retirement Planning calculators by clicking Here.

If you would like to find out more about our Offshore Corporate Pensions, feel free to Contact Us and an Advisor will be in contact with you within 24 hours.