Group Personal Pension Plans (GPPP)

A group personal pension plan (GPPP) is a collection of personal pension plans (PPPs), which an employer provides for its employees.

A personal pension plan is, in simple terms, an investment policy that provides a fund to purchase an income in retirement.

The policyholder and/or employer contributes to the plan, the money is invested and a fund is built up.

The amount of pension payable at retirement depends on a number of factors including: how much was paid into the scheme, how well the funds performed, the type of annuity purchased and the annuity rate at the date of retirement.

With GPPP, the charges set out by the pension provider are usually lower than with individual plans, because they are dealing with bulk business.

If you are an employer looking for GPPP advice, then please contact your PK Group Advisor.  If you have not worked with us before and wish to find out more about our pensions service, please contact us today and one of our specialists will be pleased to assist.