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The Pensions and Lifetime Savings Association represents 1,300 pension funds which together provide pensions for 22 million people and have more than £1000 billion of assets. [2] Members' pension schemes include defined benefit, defined contribution, group personal pensions and statutory schemes such as those in local government.
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[citation needed] A group personal pension plan (GPPP) can be established by an employer as a way of providing all of its employees with access to a pension plan run by a single provider. By grouping all the employees together in this way, it is normally possible for the employer to negotiate favourable terms with the provider, thus reducing ...
International Pension Centre (IPC) deals with all enquiries regarding the payment of state pension, bereavement benefits, incapacity benefits and other such benefits for those living abroad. [25] Local Pension Centres deal with localised claims for state pension and retirement related benefits. Pension Centres are found all over the country.
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A Christmas bonus of £10 is paid to the recipients of long-term benefit in the United Kingdom.. This was established by the Pensioners and Family Income Supplement Payments Act 1972 as a one-off payment which was repeated by the Heath government in 1973 and 1974.
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The Union of Shop, Distributive and Allied Workers (Usdaw) is a trade union in the United Kingdom, consisting of over 360,000 members. [3] Usdaw members work in a variety of occupations and industries including: shopworkers, factory and warehouse workers, drivers, call centres, clerical workers, milkround and dairy process, butchers and meat packers, catering, laundries, chemical processing ...